Domestic equity market closed in a positive territory buoyed by firm global cues and Rs 50,000 crore liquidity facility for mutual funds. This announcement by RBI led to gains in financial and banking stocks. BSE Sensex advanced 415 points or 1.33 per cent to 31,743, while the broader Nifty 50 index soared 128 points or 1.40 per cent to end the session at 9282. Nifty Bank index climbed 495 points or 2.52 per cent, while Nifty Private Bank advanced 315 points or 3 per cent.
Among individual stocks on BSE Sensex, ICICI Bank, Kotak Mahindra Bank, Axis Bank and Reliance Industries (RIL) were the top contributors to the index today. “Market breadth was in favour of the bulls. For every loser, there were a couple of gainers. All sectors participated in today’s rally which was led by Private Banks and IT stocks. India VIX contracted further by more than 2.8%, remained just above 38 levels.
Nifty50 closed higher at 9282.30 level, +127.90 points, or +1.40 per cent. Nifty Support :9200 and 9150 Resistance : 9350 and 9450.
