The major Indian equity benchmarks successfully ended the week with healthy gains. Markets extended its winning streak to the fourth straight trading session today. Even the Nifty convincingly closed above the 5800 mark for the second consecutive day. Moreover, India’s 2nd quarter GDP of 5.3%, being in-line with the estimates, further added to the bullish flavor. This led the Sensex to close at the level of 19339.9 i.e., up by 168.99 points and the Nifty to close at the level of 5879.85 i.e., up by 54.85 points. The midcap counters closed positive by over a percentage point while small-cap counters closed positive by over half a percentage point. On the sectoral front, except for Auto, FMCG & Realty indices, all the other indices closed in green. Metal & Power indices closed as the major gainers with gains of over two percentage & one and a half percentage points respectively. Further, the market breadth closed positive as five stocks were seen advancing for every three declines.
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