Sensex, Nifty End Higher Aided By Gains Across Sectors: Market Wrap

The Sensex advanced 0.62% to close at 61,121. The Nifty 50 rose 0.74% to close at 18,145.

<div class="paragraphs"><p>(Source: Unsplash)</p></div>
(Source: Unsplash)

India's stock benchmarks closed higher, aided by broad-based gains across sectors led by utilities, power, and information technology stocks, ahead of the U.S. Federal Reserve's policy meeting this week.

The Sensex advanced 0.62% to close at 61,121.35. The Nifty 50 rose 0.74% to close at 18,145.40.

The Sensex moved beyond the 61,000-mark on Tuesday, after more than eight months, since Jan. 18.

Today, 40 of the index constituents rose, while 10 declined.

Adani Enterprises Ltd., Divi's Laboratories Ltd., NTPC Ltd., Power Grid Corp. of India Ltd. and Dr Reddy’s Laboratories Ltd. were the top gainers on the Nifty 50.

Axis Bank Ltd., UPL Ltd., Eicher Motors Ltd., Maruti Suzuki India Ltd. and Reliance Industries Ltd. were the top laggards.

The broader indices outperformed their larger peers with the Midcap gauge gaining 1.04%, while the Largecap gauge rose 0.78%.

Nineteen of the 20 sectoral measures compiled by BSE Ltd. advanced, with BSE Utilities and Power gaining over 2%.

The market breadth is skewed in favour of bulls. About 1,829 stocks rose, 1,617 fell and 136 remained unchanged.