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Sensex, Nifty End Higher; Banks Lead Gains

The broader Nifty closed 0.5 per cent higher at 10,791.55, while the benchmark Sensex ended 0.42 per cent higher at 35,929.64

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The Sensex and the Nifty ended higher today after inflation eased sharply in November, and the new Reserve Bank of India governor's move to open up a dialogue with lenders boosted financial stocks.

The broader Nifty closed 0.5 per cent higher at 10,791.55, while the benchmark Sensex ended 0.42 per cent higher at 35,929.64.

Shares of private-sector lenders Kotak Mahindra Bank Ltd and HDFC Bank Ltd ended 2.5 per cent and 0.8 per cent higher, respectively. Infosys Ltd's stock, which was the top driver on the indexes, finished 2.8 per cent higher.

Meanwhile, Yes Bank Ltd's shares reversed course to close 6.4 per cent down, after the lender said new chief executive officer will be appointed within the central bank's deadline of Feb. 1, without disclosing further details.


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