Share Market Highlights: Sensex gains 776 pts, Nifty ends at 17,200

Today the Equity markets closed higher as Sensex rose 776 points to 57,356 and Nifty ended 246 points higher at 17,200 on the back of buying in auto, FMCG, PSU Bank stocks.

BSE Sensex soared 776 points or 1.4 per cent to settle at 57,356.61, while NSE Nifty 50 index rallied 246 points or 1.5 per cent to finish trade at 17,200.80.

Stocks of index heavyweights such as Reliance Industries Ltd (RIL), Infosys, Bajaj Finance, L&T, State Bank of India (SBI), contributed the most to the indices’ gain. In broader markets, midcap stocks outperformed the equity frontliners. S&P BSE Midcap index jumped 1.6 per cent or 392 points to end at 24630.25. S&P BSE Smallcap index was up 0.76 per cent or 219.48 points to settle at 28,918.83.

Volatility cooled down on Dalal Street with the India VIX index falling 9.74% to close just above 19 levels. Bank Nifty was up nearly one per cent.

Source:FE