Sensex, Nifty End Firm For Fourth Day: Market Wrap
India's stock benchmarks ended firm for the fourth day in a row, aided by banking, FMCG, industrials, metal stocks.
India's stock benchmarks ended firm for the fourth day in a row, aided by broad based gains led by banking, FMCG, industrials, and metal stocks.
The Sensex gained over 450 points to close at five-month high of 60,571.08 on the BSE. The Nifty 50 advanced 0.75% to close at 18,070.05 on the NSE. This is the first time the 50-stock gauge closed above 18,000 in over five months. Among Nifty 50 constituents, 32 stocks rose, while 17 fell. One remained unchanged.
Bajaj Finserv Ltd., Tata Consumer Products Ltd., IndusInd Bank Ltd., Britannia Industries Ltd., and Bharti Airtel Ltd. were among the top gainers.
The broader indices underperformed their larger peers, with mid cap and small cap indices gaining over 0.2%. Fourteen of the 19 sectoral indices compiled by BSE advanced with FMCG, finance, industrials, and metal gauges gaining the most.
The market breadth was skewed in the favour of bulls. About 1,858 stocks rose, 1,634 fell and 108 remained unchanged.