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Stock market update: Sensex settles at 38,127; Nifty50 holds 11,300-mark

Stock market update: Sensex settles at 38,127; Nifty50 holds 11,300-mark

Equity benchmarks today close with gains of more than half a per cent. Domestic indices climbed amid positive global stocks. BSE Sensex surged 247 points to end at 38,127. The NSE Nifty also added 71 points to settle at 11,305. The Bank Nifty index edged 29 points higher and closed at 28,042 levels. On S&P BSE Sensex, Infosys and Vedanta added 4 per cent each to settle as the top gainers at the 30-share index, while YES Bank settled as the top loser, down 3 per cent.

On NSE, the Nifty50 index closed at 11,305 level, up 70 points or 0.63 per cent. Infosys, Cipla, and Vedanta, which gained between 4-5 per cent, were the top gainers at the 50-share index. On the downside, YES Bank, Indian Oil Corporation and GAIL settled as top losers, down in the range of 2-3 per cent.

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