The key Indian equity indices ended the day with smart gains, extending the upswing for a second straight trading session. The sentiment in India was upbeat on expectations of some reform-oriented measures from the Government after the completion of Presidential election this week. The Sensex closed at the level of 17278.85 i.e., up by 93.84 points and the Nifty closed at the level of 5242.7 i.e., up by 26.4 points. However, the midcap and the small-cap counters closed only slightly positive. On the sectoral front, except for Auto & FMCG indices, all the other indices closed in green. IT, Consumer Durables and Oil&Gas indices closed as the major gainers with gains of over a percentage points each. Further, the market breadth closed nearly flat as six stocks were seen advancing for every five declines.
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