The NSE Nifty rose for a third straight session today, adding another 83.50 points to close at 10,688.65, buoyed by a decline in crude oil prices and easing geopolitical tensions.
Besides, a massive turnaround in the rupee's value too boosted sentiments.
Banking and financials, infra, pharma, auto, realty, media, metal and energy drove the market higher, while IT was the only underperformer among the sectoral indices, falling around 2 per cent.
In the overseas markets, Asian markets ended mixed amid extended slide in oil prices. European stocks were trading marginally higher despite political uncertainty in Italy.
Back home, the 50-share NSE Nifty closed at 10,688.65, up 83.50 points or 0.79 per cent, its highest closing level since May 16, 2018. The index hit a high of 10,709.80 and a low of 10,640.55 during the day.
It saw an intra-day movement of about 69.25 points.
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On the sectoral front, PSU banks surged by 2.69 per cent followed by pharma 2.42 per cent, realty 1.54 per cent, banks 1.30 per cent, infra 1.22 per cent, media 1.20 per cent, finance service 1.18 per cent, auto 1.14 per cent, banks 1.08 per cent, metal 1.05 per cent, energy 0.98 per cent and FMCG 0.69 per cent. On the other hand, IT dropped by 1.92 per cent.
Major index gainers were Sun Pharmaceutical, Hindustan Petroleum Corporation, BPCL, GAIL, Lupin, IOC, Indiabulls Housing Finance Ltd, UPL and Coal India.
Losers included, Tech Mahindra, PowerGrid, TCS, HCL Tech, Hindalco, Infosys, Bharti Infratel and Bajaj Finance.
The market breadth remained positive. A total of 1,295 scrips advanced, 508 declined and 67 remained unchanged.
Total securities that have hit their price band were 270.
Turnover in the cash segment eased to Rs 30,128.42 crore from Rs 30,928.78 crore as on last Friday.
A total of 14,205.37 lakh shares changed hands in 1,12,63,802 trades. The market capitalisation of the listed firms on the NSE stood at Rs 1,47,05,586.77 crore.
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