The Benchmark indices ended higher amid high volatility, backed by stability in private sector banks, while weakness in IT stocks capped further gains. BSE Sensex Jumps 165.87 points, or 0.48%, to close at 34,616.64, while the Nifty50 edged up 29.65 points, or 0.28%, to close at 10,614.35.
BSE Energy index gained 2.39 percent whereas BSE Metal index was the top sectoral loser, down 1.8 percent. Financials and pharma stocks rose, while metal stock slipped on the back of a fall in aluminium prices.
Shares of Reliance Industries Limited gained nearly 4 percent in trade to end at Rs 970 levels. Shares of Hindalco plunged about 9.3%, its biggest intraday percentage loss. Shares of Vedanta fell 5.5% in intraday to end 2.4% lower, while NALCO was down 7%.
Nifty IT index falls 1.99%. Wipro, Infosys, Tech Mahindra, HCL Technologies, KPIT Tech were top losers of Nifty IT Index.
Nifty Metal Index ended 1.92% lower with National Aluminium, Hindalco, WelspunCorp, and Vedanta falling upto 7 percent.
Closing Bell Gainers on NSE: Reliance Industries Ltd (+3.64%), Yes Bank (+3.50%), Bajaj Finserv (+2.52%), while Losers include Hindalco (-7.37%), Wipro (-3.50%) and Infosys (-2.80%)
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