Indian share markets reversed from the day's low towards the final hour of trade led by private financials to end higher for the second straight day. At close, BSE Sensex settled 584 points higher at 51,025 while the NSE Nifty 50 index gained 142 points to end at 15,098.
Seven out of the top 10 gainers on the Nifty index were financials and insurance players such as SBI Life and HDFC Life. On the other hand, The top five laggards on the Nifty 50 index were PSU names.
Among the sectoral indices, it was the Nifty Bank and the Nifty I.T. indices that ended in the green. While the Nifty Bank index gained close to 600 points, the I.T. index too ended with gains of nearly 1 percent.
Other sectoral indices underperformed, led by the Metal index which fell 2.5 percent while the Media index ended 1.4 percent lower.
Nifty Realty, Nifty Pharma and the PSU Bank index saw losses of 1 percent each in today's trading session.
Broader markets underperformed the benchmarks in today's session after starting off the trading day with gains. The Nifty Midcap index fell 0.5 percent while the Smallcap index posted losses of 1 percent in today's session.
Among the top gainers in today's session were SBI Life Insurance, Kotak Mahindra, ICICI Bank and HDFC, and HDFC Bank.
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