Nifty 50 Posts Longest Winning Streak In 21 Months In A Volatile Session: Market Wrap
The Sensex and Nifty swung between gains and losses for the bulk of the session before closing near day's high.
India's stock benchmarks edged higher with the Nifty 50 extending its winning streak for the eighth day—the longest in 21 months—aided by gains in banking, capital goods, realty, telecom, power and utilities stocks.
The Sensex and Nifty swung between gains and losses for the bulk of the session before closing near the day's high.
The Sensex added 0.06% (38 points) to 60,298. The Nifty 50 also advanced by a similar magnitude to 17,956.5.
On Thursday, 24 of the Nifty 50 stocks gained, 25 declined, and one remained unchanged.
Kotak Mahindra Bank Ltd. (3.52%), Larsen & Toubro Ltd. (2.09%) and Tata Consumer Products Ltd. (1.81%) were among the top gainers.
The broader indices outperformed their larger peers with the mid cap and small cap gauges gaining over 0.35%. Twelve of the 19 sectoral indices compiled by BSE Ltd. advanced, with the realty index jumping 1.8%.
The market breadth was skewed in favour of bulls. About 1,902 stocks rose, 1,495 fell and 143 remained unchanged.