The Indian equity benchmark indices closed higher snapping a two-day slump, as Hero Moto, Tata Steel stocks led gains.
The NSE Nifty 50 ended 157 points, or 0.64% up at 24,722, and the 30-stock BSE Sensex ended 418 points, or 0.52% higher at 81,018. The NSE Nifty Bank closed flat at 55,619.
Shares of Tata Steel marked gains of over 5% and Tata Steel was up over 4% along with Adani Ports, Bharat Electronics and JSW Steel that contributed to the gains of the benchmark index Nifty 50.
While those of Power Grid, HDFC Bank, ONGC, Apollo Hospital and ICICI Bank weighed on the index.
Ten out of 12 sectors ended in the green, with Nifty Defence, Metal, Realty, Auto and IT gaining the most. FMCG and Finance declined.
The BSE Midcap and Smallcap indices ended 0.76% and 0.72% higher, respectively.
Market breadth was skewed in the favour of buyers. Around 1,847 stocks declined and 2,288 stocks advanced while 172 remained unchanged on BSE.
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