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Sensex, Nifty Extend Winning Streak Aided By Banking Stocks: Market Wrap

India's stock benchmarks advanced for the second day after swinging between gains and losses for most of the session.

<div class="paragraphs"><p>(Source: Pxhere)</p></div>
(Source: Pxhere)

India's stock benchmarks advanced for the second day after swinging between gains and losses for most of the session, powered by banking, industrial and realty stocks.

The Sensex gained over 50 points (0.09%) to reach 59,085.43. The 30-stock gauge traded in a narrow range between 58,760.09 and 59,170.87. The Nifty 50 rose 0.16% to 17,604.95. Today, 27 of the Nifty 50 stocks gained, while 23 fell.

The broader indices outperformed their larger peers, with mid-cap and small-cap gauges adding over 0.7%.

Fourteen of the 19 sectoral indices compiled by BSE Ltd. advanced with the realty index gaining 1.7%.

The market breadth is skewed in favour of bulls. About 2,118 stocks rose, 1,290 fell, and 138 remained unchanged.