Sensex spurts 584 points, Nifty ends near 15,100
At close, the Sensex was up 584 points or 1.16% at 51,025, and the Nifty was up 142 points or 0.95% at 15,098.
Indian benchmark indices ended higher in the volatile session led by financial and IT counters. At close, the Sensex was up 584 points or 1.16% at 51,025, and the Nifty was up 142 points or 0.95% at 15,098.
Kotak Mahindra Bank, HDFC twins, ICICI Bank & Tech Mahindra all ended with gains of over 2%. While Powergrid, ONGC, NTPC, Dr Reddy’s & Bharti Airtel were among the top losers on the Sensex.
Barring Nifty Bank and Nifty IT, all other sectoral indices ended lower.
The broader markets were under pressure as the BSE MidCap and SmallCap indices ended with loses of 0.66% and 0.41%, respectively. Market breadth also remained weak as sellers outnumbered buyers. 1,727 shares declined versus 1,264 advancing and 202 shares remained unchanged on the BSE.
According to Binod Modi, Head-Strategy at Reliance Securities, domestic equities extended gains for the second consecutive day mainly aided by favourable cues from global markets.
Elsewhere in Asia, bourses in Hong Kong and Tokyo ended on a positive note, while Shanghai and Seoul were in the red.
Stock exchanges in Europe were trading with gains in mid-session deals.
Meanwhile, the global oil benchmark Brent crude was trading 0.72 per cent higher at USD 68.73 per barrel.