Sensex gains 170 pts as financials gain; Nifty50 tops 11,850

Thursday,   14-Nov-2019   03:55 PM (IST)

Benchmark indices ended Thursday's volatile session in the positive territory amid buying in select blue-chip counters such as ICICI Bank, HDFC Bank, Infosys, HDFC, and TCS (Tata Consultancy Services). Investor sentiment remained subdued after retail inflation in October breached RBI's medium-term target of 4 per cent for the first time in 15 months. That apart, worries over telecom players, too, kept investors cautious. The S&P BSE Sensex gained 170 points or 0.42 per cent to end at 40,286 with ICICI Bank (up around 3 per cent) being the top gainer and Vedanta (down around 3 per cent) the biggest loser. During the day, the index witnessed a swing of around 322 points. In the broader market, the S&P BSE MidCap index added 20 points or 0.14 per cent end at 14,680 while the S&P BSE SmallCap index ended at 13,344, down 0.01 per cent. On the NSE, the broader Nifty50 index ended at 11,870, up 30 points or 0.25 per cent. Sectorally, metal stocks cracked the most with the Nifty Metal index closing around 2 per cent lower at 2,508 levels. On the flip side, financial services stocks rallied the most. Nifty Bank gained over 0.7 per cent to settle at 30,764 levels.  Volatility index India VIX slipped around 6 per cent to 15.50 levels.