Key indices edge up in volatile trading
Sensex, Nifty move up 4% in 6 sessions in a row making it a longest winning streak in last 4 months; Solid US job data raised fears of further rate hikes by the Fed; It also offsets positive quarterly business updates from auto and real estate sectors; Gains in auto and IT shares limit losses in banking and FMCG stocks
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Mumbai: Benchmark indices Sensex and Nifty eked out gains in volatile trade on Monday, extending the winning streak to a sixth straight day as gains in auto and IT shares offset losses in banking and FMCG stocks.
Logging its longest gaining streak in four months, the 30-share BSE Sensex ended marginally up by 13.54 points or 0.02 per cent to 59,846.51. During the day, it climbed 276.14 points or 0.46 per cent to 60,109.11. The broader NSE Nifty advanced 24.90 points or 0.14 per cent to finish at 17,624.05, marking its sixth straight day of gains. Sensex and Nifty have risen by around four per cent in the six days of gains, which is the longest winning run since the eight-day rally from November 22 to December 1 last year.
