Sharp Rally in Metal, Banking and Capital Goods lead Indian Markets higher on Thursday - Microsec

Indian equities ended the session higher on Thursday led by sharp rally in metal, banking, capital goods.

Nifty closed at 5909.70 up by 129.65 points or 2.24% over the previous day closing of 5780.05 after witnessing a low of 5802.70 and a high of 5917.60.Sensex closed at 19902.07 up by 384.92 points or 1.97% over the previous day closing of 19517.15.It touched an intraday low of 19583.97 and high of 19929.24.

The markets' breadth was positive. Out of 2560 stocks traded 1471 stocks advanced, 937 stocks declined and 152 stocks remained unchanged. In Sensex, Out of 30 stocks 27 stocks advanced 02 stocks declined and 01 remain unchanged.

Among the sectors, BSE Metal, BSE Bankex and BSE Capital Goods were the main gainers of the day which increased by 3.94%, 3.41% and 2.82% respectively.

In BSE Metal sector Sesa Goa, SAIL and Hindalco Inds increased by 7.21%,3.52% and 4.34% respectively. In BSE Bankex Axis Bank, Yes Bank, and BoI advanced by 5.99% 5.29% and 5.22% respectively. In BSE Capital Goods sector Sadbhav Engr, Punj Lloyd and AIA Engineering increased by 5.98% 5.47% and 4.80% respectively.

Source : Equity Bulls

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