India Markets closed

Closing Bell: Sensex Jumps 170 Points, Nifty Ends Above 11,850

Indian markets ended higher amid volatile trade on Thursday, 14 November, buoyed by gains in IT and banking stocks.

The S&P BSE Sensex rose 0.42 percent to 40,286.48 and the NSE Nifty 50 rose 0.27 percent to end at 11,872. The broader markets represented by the NSE Nifty 500 Index rose 0.17 percent, according to BloombergQuint.

The market breadth, however, was tilted in favour of sellers. About 1,058 stocks declined and 726 shares advanced on the National Stock Exchange.

Six out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 1.96 percent gain. On the flipside, the NSE Nifty Financial Services Index was the top sectoral gainer, up 1 percent.

Top gainers were ICICI bank, Infosys and Bajaj Finance, while top losers were Bharti Infratel, IndusInd Bank and Zee Entertainment, according to Moneycontrol.

Meanwhile, the European markets traded lower on Thursday morning as trade negotiations between the US and China hit a roadblock over a number of issues.

(With inputs from BloombergQuint & Moneycontrol.)

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