Sensex, Nifty Gain Most In Three Weeks; Financials Outperform

Indian equities had a session marred by a technical outage that disrupted trading on the National Stock Exchange for nearly five hours.

Once trading resumed at 3:45 P.M., benchmark indices saw a big upmove that saw them gaining the most in three weeks.

The S&P BSE Sensex ended 2% or over 1,000 points higher at 50,781 while the NSE Nifty 50 index gained 1.9% to end near the mark of 15,000 at 14,982.

It was the day of financials to outperform in today's session. The Nifty Bank index gained over 1,300 points or nearly 4% with gains led by HDFC Bank, Axis Bank and State Bank of India. The PSU Bank index also ended with gains of 2.8%.

The Nifty Media index ended with gains of 1.4% while the Nifty Metal and Nifty Realty index ended 0.8% higher. FMCG, I.T., Pharma and Auto indices were little changed.

Broader markets also ended with gains but underperformed the benchmark indices. The Nifty Midcap index ended 1% higher while the Smallcap index closed with gains of 0.9%.

The India Volatility Index fell 4.2% to end at 24.17.

1,227 stocks on the NSE ended with gains while 600 stocks ended lower.