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It was a day of records for India's equity markets as benchmark indices scaled new peaks, ending higher for the third straight day.
The S&P BSE Sensex ended 1% higher at 44,523 while the NSE Nifty 50 index, crossed the 13,000 mark to end 1% higher at 13,055. Both Sensex and Nifty ended at a record high. 38 out of the 50 index constituents ended with gains.
Among the sectoral indices, the Nifty Bank ended only 200 points shy of the 30,000 mark, closing with gains of 2.7% at 29,796. It was also the top performing sectoral index in today's trading session.
Among other indices that did well, the Nifty Auto and Nifty Realty index ended with gains of 1.7% each while the Nifty Metal, Nifty Pharma and Nifty PSU Bank index closed with gains of over 1% each.
Broader markets moved largely in tandem with the benchmark indices. The Nifty Midcap index ended 0.7% higher, at the highest level since September 2018. The Smallcap index also closed at a 10-month high, ending with gains of 1.1%.
The India Volatility Index ended off the day's high but 1.2% higher at 21.05.
1,111 stocks on the NSE ended with gains while 756 stocks reported losses.
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In Charts: Nifty 50’s Journey To 13,000
Indian equity markets opened higher for the third straight day, with the NSE Nifty 50 index scaling the mark of 13,000 in the initial seconds of trade.
The 50-stock gauge opened 0.6% higher at 13,002, gaining 1,000 points in the last 14 trading sessions.
The S&P BSE Sensex has opened 0.6% higher at 44,341.
The Nifty Bank and PSU Bank index have opened with gains of 0.8% each. Nifty Metal and Nifty Realty gained 0.7% each while Nifty Pharma was up 0.6% at the start of trade.
Broader markets are in-line with the benchmarks. The Midcap index has opened 0.6% higher while the Smallcap index is up 1%.
1,228 stocks on the NSE are trading with gains while 390 stocks decline.
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