Markets Halt 3-day Losing Streak, Sensex Ends 411 Points Higher
The market breadth was tilted in favour of buyers. About 1,116 stocks advanced and 678 shares declined on the NSE.
The Indian equity benchmarks halted a three-day losing streak and erased most of the weekly losses with a rally on Friday, 27 December, BloombergQuint reported.
The S&P BSE Sensex rose one percent to close at 41,575.14 and the NSE Nifty 50 rose 0.98 percent to end at 12,245.80. The broader markets represented by the NSE Nifty 500 Index rose 0.93 percent.
The market breadth was tilted in favour of buyers. About 1,116 stocks advanced and 678 shares declined on the National Stock Exchange.
All the 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty PSU Bank Index’s 2.9 percent advance.
Major gainers on the Nifty were Coal India, Axis Bank, BPCL, SBI and Power Grid Corp, while the losers include Yes Bank, Wipro, Britannia Industries, Kotak Mahindra Bank and Bharti Infratel, Moneycontrol reported.
(With inputs from Moneycontrol and BloombergQuint.)
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