The NSE Nifty 50 index closed above 11,000 mark for the first time since August 30 led by gains in banking and financial services shares. The benchmarks opened lower but recovered their losses in mid-morning deals paced by gains in HDFC, Larsen & Toubro, Kotak Mahindra Bank, ICICI Bank and Maruti Suzuki. The Sensex surged as much as 460 points from day’s lowest level and the Nifty 50 index rose to an intraday high of 11,029.
The Sensex ended 164 points or 0.44 per cent to close at 37,145 and the Nifty 50 index advanced 57 points or 0.52 per cent to end at 11,003.
All but one sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index’s 1.61 per cent gain.
Nifty Private Bank, Nifty Bank, Nifty Auto, Nifty Realty and Nifty Financial Service indexes also rose between 0.7-0.9 per cent each.
On the other hand, Nifty IT index was the only sectoral loser on the NSE