Sensex, Nifty Log Best Day In Five Weeks: Market Wrap
The Sensex added over 1,250 points to close at 58,065, while the Nifty 50 added nearly 400 points to close at 17,274.
India's stock benchmarks logged their best day in five weeks, aided by broad-based gains in metals, banking and information technology stocks, ahead of the OPEC+ meeting.
The Sensex added over 1,250 points (2.25%) to close at 58,065.47. This is the first time the 30-stock gauge closed above 58,000 in over a week, since Sept. 23.
The Nifty 50 added nearly 400 points (2.29%) to close at 17,274.30.
Today, 48 of the index stocks rose while two—Power Grid Corp. of India Ltd. and Dr. Reddy's Laboratories Ltd.—fell.
IndusInd Bank Ltd., Adani Ports and SEZ Ltd., Bajaj Finance Ltd., Coal India Ltd. and Hero MotoCorp Ltd. were among the top gainers.
The Midcap index almost mirrored their larger peers while the Smallcap gauge underperformed, rising just 1.5%.
All the 19 sectoral measures compiled by BSE Ltd. advanced with the Metal index jumping nearly 3.5%.
The market breadth was skewed in favour of bulls. About 2,582 stocks rose, 863 fell and 119 remained unchanged.