Benchmarks rise nearly 1% as auto and bank stocks lead
In short
Benchmark indexes rose nearly 1% for a second straight session. Auto and bank stocks led the gains, with FPI inflows supporting the move and some profit booking also in play.
The rise shows buyers were active in the market, especially in those sectors.
What the reporting says
Benchmark indexes rose nearly 1% in a second straight session of gains, with auto and bank stocks leading the move amid FPI inflows and profit booking, according to a Business Standard market summary. The broad advance was driven by buying in those sectors, while the report pointed to foreign investor inflows as support.
Why it matters
Benchmark markets gained nearly 1% in a second straight session, with auto and bank shares leading the advance.