Sensex, Nifty Log Sixth Straight Session Of Gains Led By Banks

The S&P BSE Sensex and NSE Nifty 50 indexes extended winning streak to sixth straight session. However, the gains were capped as gains in IndusInd bank, ITC, HDFC Bank, Axis Bank and Tata Steel were offset by losses in Tata Consultancy Services, Larsen & Toubro, Reliance Industries, Asian Paints and Mahindra & Mahindra. In the last six trading sessions, the Sensex has advanced 2.9 per cent and Nifty has jumped 2.65 per cent.

The Sensex ended 36 points higher at 40,165 and Nifty 50 index rose 13 points to close at 11,890.

Nine of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty Media index's over 7 per cent gain.

Nifty Metal, Nifty PSU Bank and Nifty Private Bank indexes also climbed between 1 and 2.5 per cent each.

On the other hand, Nifty Auto index was top loser, down 0.7 per cent.

Zee Entertainment was top gainer in the Nifty 50 basket of shares, the stock rose 18 per cent on heavy volumes to close at Rs 308.70. Bharti Infratel, IndusInd Bank, Tata Steel, JSW Steel, Vedanta, Bajaj Finserv and Hindalco were also among the gainers.

On the flipside, Yes bank, Indian Oil, Tata Consultancy Services, Mahindra & Mahindra and Eicher Motors were among the losers.

The overall market breadth was positive as 1,429 shares closed higher while 1,164 ended lower on the BSE.