India’s stock benchmarks closed higher in trading session on Thursday aided by banking and IT stocks.
The Sensex closed 659.31 points, or 1.12%, higher at 59,688.22. The Nifty 50 closed up 1% at 17,798.75.
Of the Nifty 50 constituents, 16 stocks fell and 33 rose, while one remained unchanged.
Axis Bank Ltd., ICICI Bank Ltd., State Bank of India Ltd., Bajaj Finserv Ltd. and Baja Finance Ltd. were the top gainers, while ICICI Lombard General Insurance Co., REC Ltd. , Power Finance Corp., SBI Life Insurance Co. and ICICI Prudential Life Insurance Co. were the top laggards.
The Midcap and Smallcap index underperformed its larger peers with the Midcap gauge gaining 0. 3% and the Smallcap gaining 0.6%.
Fourteen of the 19 sectoral indices compiled by BSE Ltd. gained, with banking and IT indexes increasing 1.9% and 1%, respectively.
The market breadth was skewed in favour of the bulls. About 2,065 stocks rose, 1,401 fell and 123 remained unchanged.
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