(G.N.S) Dt. 5
Mumbai
At close, the Sensex was up 724.02 points or 1.78% at 41340.16, and the Nifty was up 211.80 points or 1.78% at 12120.30. About 1702 shares have advanced, 899 shares declined, and 171 shares are unchanged.
Hindalco, SBI, Tata Steel, BPCL and IndusInd Bank were among major gainers on the Nifty, while losers were Hero MotoCorp and HDFC Life. All the sectoral indices ended in the green led by the Nifty Metal (up 4 percent), while Bank, Energy and Infra indices rose 2 percent each. BSE Midcap and Smallcap indices added over 1.5 percent each.
On the NSE platform, all sub-indices except for Nifty Realty were trading in green with Nifty PSU Bank surging as much as 2.81 per cent.
Traders said that strong earnings from the country’s biggest lender SBI lifted banking stocks, with IT stocks supporting the gains.
SBI has reported an upbeat September-quarter profit and said it expected stronger annual credit growth. The NSE banking index rose for a fourth straight session since private-sector lender ICICI Bank reported a higher profit last week.
On the global front, Asian markets gained on Thursday, as investors awaited a clear result from the US election. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.5% to reach its highest since March 2018.
