Sensex closes 80,369.03, Nifty up by 0.52%

The Indian equity benchmark indices ended in green in today’s trading session. While Sensex

closed at 80,369.03, up 0.45%, Nifty surged to 24,466.85, up 127.70 pts from the previous day’s trading session.

Top gainers from the pack included SBI (5.05%), BEL (4.89%), Eicher Motors (3.38%), HDFC Life (3.32%), SBI Life (3.18%), while Maruti (-4.16%), Tata Motors (-3.92%), Hero Motocorp (-2.88%), Dr Reddy’s Lab (-2.52%), Sun Pharma (-2.04%) ended in red.

Banking stocks were instrumental in keeping the markets afloat, as banks reported upbeat earnings during the Q2 season. While State Bank of India (SBI) jumped 5%, stocks including ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, Bajaj Finance and Larsen & Toubro ended in green.

Gillette India was up 11% after reporting a healthy earnings in the September quarter. The company reported a profit after tax (PAT) of ₹133.01 cr up 43.5% on a YoY basis.

While rupee remained unchanged at 84.07 (provisional) against the US dollar, Foreign Institutional Investor (FII) outflows remained at ₹3,228.08