Stocks

Sensex ends 350 points higher; Bank stocks shine

Our Bureau/Agencies | Updated on August 28, 2020

Nifty Bank index gained over 4 per cent lead by IndusInd Bank, Federal Bank, Axis Bank and Bank of Baroda

Equity indices closed higher for the sixth straight day on Friday.

The BSE Sensex ended 0.9 per cent higher at 39,467 while the Nifty 50 index ended up 0.83 per cent at 11,655.  The PSU Bank index closed 5.1 per cent higher while the Nifty Bank ended with gains of 4.2 per cent.

The Nifty Media index was the other major gainer ending 1.8 per cent higher. The top sectoral laggard was the Nifty Auto index ending lower by 0.8 per cent while the FMCG and Metal indices were the other underperformers.

India Volatility Index fell 3.4 per cent to end at 18.25.

The market breadth was negative with 1,084 stocks turned negative on the NSE while 745 stocks closed with gains.

Published on August 28, 2020

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