The markets reversed its 3-day losing streak led by renewed buying interest in IT and select financial shares. The BSE Sensex reclaimed the 60,000-mark, and surged to a high of 60,220, before settling with a gain of 831 points at 60,138. The NSE Nifty touched a high of 17,954 and ended 258 points higher at 17,930. India VIX was down 1.4 percent at 17.18.
The broader markets also logged strong gains. The BSE Midcap index surged 1.8 percent, while the Smallcap index moved up 1.1 percent. Among sectors, the BSE Realty index soared 3.7 percent, while the Telecom and Metal indices surged around 3.5 percent each. The IT index was up 2.3 percent, and the Bankex jumped 1.8 percent. The overall market breadth was also fairly positive, with 2,171 advancing shares versus 1,137 declining stocks on the BSE.
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