Market Wrap: Sensex ends 341 factors greater, Nifty over 22,500 led by banks, auto shares

Indian benchmark indices ended within the inexperienced at this time (Monday, March 17) led by good points in financial institution and auto shares whereas individually ICICI Financial institution and Axis Financial institution known as the pictures. Favaourable world cues additionally helped bulls consolidate their place.

Whereas the S&P BSE Sensex settled at 74,169.95, up by 341.04 factors or 0.46%, the broader Nifty closed at 22,508.75, greater by 111.55 factors or 0.5%.

High Gainers & Losers
Nifty’s breadth was skewed in favour of the gainers as 33 shares ended within the inexperienced whereas 17 within the purple. The highest gainers had been Dr Reddy’s Laboratories, SBI Life Insurance coverage, Bajaj Finserv, Trent and Axis whereas the highest losers had been Wipro, Bharat Petroleum Company (BPCL), Hero MotoCorp, ITC and Nestle India.Amongst Nifty sectoral indices, the highest performers had been Nifty Monetary Companies, Nifty Pharma and Nifty Metallic, which had been up 1%, 1.6% and 0.8%, respectively. Banking gauge Nifty Financial institution settled at 48,354.15, gaining by 293.75 or 0.61%. The laggards had been Nifty FMCG (-0.20%) and Nifty Realty (-0.38%) and Nifty PSU Financial institution (-0.24%).