Indian benchmark indices in a highly volatile session managed to end the first trading day of the week to November 27, 2020 higher on huge jump of over 2 percent in IT and heavyweight Reliance Industries. Nifty and Sensex ended with gains of 0.52 and 0.44 percent at 12926 and 44077, respectively. Nifty PSE and Nifty IT were also on a high led by gains in ONGC, BPCL, NTPC, Power Grid and IOC and from the IT space the stocks that contributed to the gains include Infosys, TCS, L&T, HCL and Tech Mahindra.
Bank and financials were in spotlight after the RBI's IWG recommended easing of ownership rules and also mulled easy transition of payments banks into small finance bank. Nifty Bank however towards the later part of the trade was in the red by almost 1 percent.
Infosys share price surge of close to 3.7 percent came on reports that it could bag Daimler deal
Auto ancillary space also garnered the limelight as some of the stocks from the pack including the likes of Amara Raja Batteries, Balkrishna Industries, MRF and Jamna Auto hit their respective 52-week highs.
Meanwhile European markets were trading in the green on vaccine optimism while the US stock futures at the time of writing this copy pointed to a strong start with Dow stock futures most upbeat with gains of 0.73 percent.