On the NSE, Nifty closed at 22,147 points, up 151 points. The day’s rally added about Rs 50,000 crore to investors’ wealth with BSE’s market capitalisation now at Rs 400 lakh crore.
According to Ajit Mishra of Religare Broking, weak global cues triggered a gap-down start for the Indian market followed by a muted move in the first half. “However, gradual recovery in the heavyweights across sectors pared all the losses and pushed the index in the green.”
The day’s session also witnessed a mixed trend on the sectoral front with financials, metals and banking stocks performing well while realty and pharma closed lower, Mishra said.