The Indian share benchmarks rose for the third consecutive day on Thursday paced by gains in metal and information technology shares.
The benchmarks opened higher and extended gains in noon deals wherein the Sensex rose as much as 456 points and the Nifty 50 index briefly surpassed its important psychological level of 14,950. However, selling pressure in banking and financial services shares along with volatility related to the weekly options expiry dragged the indices lower from their respective day's high.
On closing, the BSE Sensex rose 84 points to end at 49,746 while the NSE Nifty 50 index 54 points to end at 14,873. The three-day winning streak for the Sensex & the Nifty is the longest in a month. Gainers include JSW Steel, Tata Steel, Shree Cement surge around 5% each. While Sun Pharma, IndusInd Bank, SBI Life were among major losers
Among the sectoral indices, the Nifty Metal index ended as the top sectoral gainer., whereas Banking and Financial stocks were the laggards in today's session.
The Nifty Bank corrected nearly 600 points from the day's high to end 200 points lower at 32,782. The PSU Bank index also fell 0.8 percent in today's session.
Technology stocks were the other outperformers in today's session. The Nifty I.T. index ended with gains of 1.2 percent. The Nifty Realty index finished 0.8 percent higher.