Sensex, Nifty End Higher For Fifth Day Led By HDFC Twins
Indian equity markets managed to register yet another record high in today's session, led by private financials and pharma stocks.
The S&P BSE Sensex ended 0.48% higher at 46,890. The 30-stock gauge fell 8 points short of scaling the 47,000 mark in today's session, reversing from an intra-day high of 46,992.
The NSE Nifty 50 index ended 0.42% higher at 13,740, witnessing a reversal of around 30 points from the day's high of 13,773. Both benchmark indices ended higher for the fifth straight day.
It was the HDFC twins, private financials like Bajaj Finance along with Divi's Laboratories that ensured markets remained in the green, even as 33 out of the 50 Nifty constituents ended with losses.
The weekly options expiry session was not a good one for most sectoral indices. The Nifty Media index was the top laggard, ending 2% lower, while other indices like the PSU Bank index and the Nifty Metal index ended 1.4% lower.
Gainers today were the Nifty Bank, which ended 0.5% higher courtesy HDFC Bank and Nifty Realty, which gained 0.6%. The Nifty Pharma, which outperformed for most parts of the trading session, cooled off from its day's high to end with gains of 0.4%.
Broader markets underperformed in today's session. The Midcap index ended 0.3% lower while the Smallcap index rose 0.15% at the close of trade.
India Volatility Index ended flat at 19.18.
1,068 stocks on the NSE ended with losses while 846 registered gains.