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    Sensex Closes 170 Points Higher Led By Gains In ICICI Bank, HDFC Bank

    Sensex Closes 170 Points Higher Led By Gains In ICICI Bank, HDFC Bank
    Image credits: www.livemint.com


    The S&P BSE Sensex and NSE Nifty 50 indexes ended higher in trade on Thursday led by gains in ICICI Bank, HDFC Bank, Infosys, HDFC, Bajaj Finance, and Tata Consultancy Services. For the most part of the day, the benchmarks traded in a rangebound manner owing to the weekly expiry of derivative contracts. However, late buying in banking shares helped benchmarks clock gains for today's session. The Sensex rose as much as 322 points from day's lowest level and the Nifty 50 index moved closer 11,900.
    The Sensex ended 170 points or 0.4 percent higher at 40,286 and the Nifty 50 index advanced 32 points or 0.2 percent to close at 11,872.

    Six of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty IT index's nearly 1 percent gain.

    Nifty Financial Services, Nifty Bank, Nifty Private Bank, and Nifty Auto index also rose between 0.5 and 1 percent each.

    On the other hand, the Nifty Metal index was the top loser, down nearly 2 percent.


    Mid- and small-cap shares ended on a mixed note as Nifty Midcap 100 index rose 0.3 percent while Nifty Smallcap 100 index ended little changed.

    ICICI Bank was the top gainer in the Nifty 50 basket of shares, the stock rose 2.53 percent to close at Rs. 498.05. Infosys, Bajaj Finance, HDFC Bank, Maruti Suzuki, Cipla, and Titan were also among the gainers.

    On the flipside, Bharti Infratel, IndusInd Bank, Zee Entertainment, Hindalco, UltraTech Cement, Coal India, and Tata Motors were among the losers.

    The overall market breadth was negative as 1,058 shares ended lower while 726 closed higher on the BSE.

    Source: https://www.ndtv.com/

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