The Indian equity benchmarks rose for third day in a row on Thursday paced by gains in metal and information technology shares. The benchmarks opened higher and extended gains in noon deals wherein the Sensex rose as much as 456 points and Nifty 50 index briefly surpassed its important psychological level of 14,950. However, selling pressure in banking and financial services shares in the last hour of trade led to index come off intraday highs.
The Sensex ended 84 points or 0.17 per cent higher at 49,746 and Nifty 50 index climbed 55 points to settle at 14,874.
Six of 11 sector gauges compiled by the National Stock Exchange ended higher led by Nifty Metal index’s over 4 per cent surge. FMCG, IT, auto and realty shares also witnessed buying interest.
On the other hand, banking, financial services, PSU Bank and Private Bank indices ended with a negative bias.