After a day of trading in the negative, domestic indices NSE Nifty 50 and BSE Sensex trimmed their losses to end the session with mild gains. Nifty added 17.8 points to settle at 18,314.8, while Sensex closed at 62,027.9, higher by 123.4 points. Nifty gained over 100 points from the day’s low and Sensex added about 500 points from its intraday low to end in the green.
The broader markets were laggards, as Nifty Midcap 50 ended 0.5% down while Nifty Smallcap 50 lost 0.78%. Volatility gauge, India VIX sank 3.1%. Certain sectoral indices outperformed. Bank Nifty gained 0.8% by close, while Nifty Auto, Nifty PSU Bank, Nifty Consumer Durables all closed in the positive territory. Nifty Metal, however, crashed 1.8%; Nifty Media was lower by 1.08% and Nifty IT settled lower by 0.3%.