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Indian equity markets closed their first full trading session of Samvat 2077 by ending higher for the third straight day.
The S&P BSE Sensex ended 0.7% higher at 43,952 while the NSE Nifty 50 gained 0.8% to end at 12,874. Both benchmark indices registered record closing highs.
Tata Group stocks were the top performers on the Nifty today. Both Tata Steel and Tata Motors ended with gains of 6% each.
The Sensex and Nifty had opened higher courtesy gains in Reliance Industries but fell to the day's low after the stock gave up gains to trade lower. Gains in today's session were aided by banking stocks - both private and PSU banks, along with metal stocks.
The Nifty Bank index ended 2% higher to close at a 10-month high. The PSU Bank index too ended with gains of 2.2%.
The Metal index was the top performing sectoral index in today's session, ending with gains of 2.5%. The Realty index ended 1.9% higher while the Auto index ended a percent higher.
Broader markets had a mixed day. The Nifty Midcap index ended 1.1% higher while the Smallcaps underperformed, with the index ending with gains of 0.3%.
The India Volatility Index gained 3.5% but remained below the mark of 20 at 19.8.
1,062 stocks on the NSE ended with gains while 804 posted losses.
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Indian equity markets have begun the truncated week on a strong note, courtesy gains in heavyweight Reliance Industries and optimism surrounding the arrival of a Covid-19 vaccine.
The S&P BSE Sensex opened 1% higher at 44,095 while the NSE Nifty 50 index gained 1.2% at open to 12,932. Benchmark indices had ended the Mahurat Trading session with modest gains.
Among the sectoral indices, the Metal index was the top gainer, opening 1.1% higher. Other indices like Nifty I.T., Nifty FMCG and Nifty Media gained 0.7%, as did the Nifty Bank. The PSU Bank index was up 0.6% while the Realty index gained 0.5% as trading began.
Broader markets are underperforming at the start of trade. The Midcap index is up 0.4% while the Smallcap index has gained 0.3%.
1,146 stocks on the NSE have opened with gains while 369 are declining.
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