Sensex, Nifty End Firm Aided By I.T., Auto, Realty, Consumer Durables Stocks: Market Wrap
Sensex ends above 60,000 while Nifty inches closer to 18,000 aided by gains in I.T., auto, realty, consumer durables' stocks.
India's stock benchmarks ended firm aided by gains in basic materials, information technology, realty, auto, and consumer durables stocks.
The S&P BSE Sensex gained over 0.5% or 322 points to close at 60,115.13, its first close above 60,000 since Aug. 18. The Nifty 50 added over 100 points to end at 17,936.35 on the NSE after coming within 20 points of reclaiming the 18,000 mark during intraday trade. Among Nifty 50 constituents, 34 stocks rose while 16 fell.
Adani Ports and Special Economic Zone Ltd., Titan Company Ltd., Divi's Laboratories Ltd., Tech Mahindra Ltd., and Axis Bank Ltd. were among the top gainers.
The broader indices outperformed their larger peers with mid cap jumping 0.9% and small cap gauge gaining 1%. All 19 sectoral indices compiled by BSE advanced with basic materials, information technology, utilities, consumer durables, realty and teck indices gaining over 1%.
The broader indices underperformed their larger peers. About 2,197 stocks rose, 1,387 fell, and 175 remained unchanged.