Indian equity markets could not fully recover the losses made during Thursday’s trading session, ending with weekly losses despite gaining for four other days of the week.
The S&P BSE Sensex ended 0.6% higher at 39,982 while the NSE Nifty 50 index ended 0.7% higher at 11,762. Both Sensex and Nifty have posted losses of over 1% this week – the first instance in three weeks.
It was the day of the Metal stocks to shine in today’s session. The Nifty Metal index was the top sectoral gainer, ending 4% higher. Three out of the top five Nifty gainers – JSW Steel (up 6.7%), Tata Steel (up 5.4%) and Hindalco (up 3.7%) were metal stocks. This was the biggest single-day gain for the index in close to six months.
The Nifty Bank ended 2% higher, courtesy gains in Private Banks while the Nifty Realty and Nifty Pharma indices were up 2.6% and 1.5% respectively.
What didn’t do well in today’s session was Nifty Media (down 0.4%) and Nifty I.T. (down 0.1%)
Broader markets outperformed after days of underperformance. The Nifty Midcap index ended 1.1% higher while the smallcap index gained 1.4%.
The India Volatility Index ended 1.9% lower at 21.64.
1,160 stocks on the NSE ended with gains while 675 stocks posted losses.
#Days #Gains #Sensex #Nifty #Post #Weekly #Loss