The two key equity benchmarks, Sensex and Nifty, on Monday extended their gains for the second straight day on sustained buying in IT and Metal stocks. The investor sentiment turned positive globally after the US jobs data cemented hopes of a likely pause in rate hikes by the US Federal Reserve later this month. However, the domestic indices were trading flat in the morning hours amid volatility. After initial hiccups, the S&P BSE Sensex finally ended 241 points higher at 65,628. On the other hand, the NSE Nifty closed at 19,529, up 94 points.
On the 30-share Sensex platform, Wipro, HCL Technologies, UltraTech Cement and Tata Steel were the major gainers, up around 4 per cent each. On the downside, Mahindra & Mahindra, Axis Bank, ITC, Asian Paints, Bajaj Finance, Nestle emerged losers.
In the broader market, the BSE Midcap jumped 1 per cent, while the Smallcap added 0.8 per cent.
The market breadth too was fairly positive, with more than 2,300 shares advancing as against 1,440-odd declining stocks on the BSE.
Sectorally, all the indices closed in the green, with power, metal, auto, realty, oil & gas, and PSU Bank rose between 1 and 2.8 per cent.
In the previous session on Friday, the S&P BSE Sensex surged 556 points to close at 65,387, while the Nifty50, ended at 19,435, up 182 points.
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