India's stock benchmarks snapped a three-day losing streak to log the best day in over a week, aided by gains in FMCG, banking, metal, and realty stocks.
Information technology stocks also jumped ahead of HCL Technologies Ltd. and Wipro Ltd. earnings for the quarter ended September.
The Sensex jumped nearly 500 points, or 0.84%, to end at 57,625.91 on the BSE, while the Nifty also gained 0.82% to close at 17,123.60 on the NSE. Among the Nifty 50 constituents, 43 stocks gained while seven declined.
Power Grid Corporation of India Ltd., Coal India Ltd., Axis Bank Ltd., Bajaj Auto Ltd., and NTPC Ltd. were the top gainers, while Adani Enterprises Ltd., Asian Paints Ltd., Dr Reddy's Laboratories Ltd., Bharti Airtel Ltd. and ICICI Bank Ltd. fell the most among the constituents of the 50-stock gauge.
The broader indices underperformed their larger peers, with mid-cap index gaining 0.66% and the small-cap gauge adding 0.2%. All the 19 sectoral measures compiled by BSE Ltd. advanced.
The market breadth was slightly skewed in favour of bears. About 1,675 stocks rose, 1,763 fell and 133 remained unchanged.
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