Markets end higher led by auto, bank and metal stocks; Nifty 50 settles above 17,200 levels amid volatility

28 Mar 2022 , 03:36 PM

Equity benchmark indices recovered from intraday losses in the final hour of trading to end marginally higher on Monday. The domestic bourses, which started on a weaker note, surged gradually as auto, bank, metal, realty and oil & gas indices rose 0.5-1% each, while IT and pharma logged profit bookings during highly volatile session.

The BSE Sensex soared over 230 points or 0.40% to close at 57,593.49, while the broader NSE Nifty advanced 69 points or 0.40% higher to settle at 17,222. About 1051 shares have advanced, 2268 shares declined, and 123 shares are unchanged.

On the sectoral front, Nifty Bank and Nifty Metals outperformed the index by rising as much as 1% each. However, Nifty IT and Nifty Pharma settled marginally lower.

Bharti Airtel and Coal India were the top Nifty gainers, followed by Axis Bank, Eicher Motors and ICICI Bank, .

Meanwhile, multiplex players PVR and Inox Leisure shares touched their 52-week highs, a day after the announcement of their merger deal to create a cinema giant with more than 1,500 screens.