Indian equity benchmarks swung between gains and loss through the session before closing marginally higher.
The S&P BSE Sensex ended the session little changed at 49,765 while the NSE Nifty gained 0.2% to 14,894. JSW Steel Ltd and Bajaj Finserv Ltd. were the biggest boosts to Nifty. Both the key indices have gained all four sessions this week.
Twelve out of the 19 sector sub-indices compiled by BSE Ltd. declined, led by a gauge of automobile makers. On the flip side, the S&P BSE Metal index was the star of the trading day, up 5.2%. (read more about it here)
Investors were buoyed by plans for another round of stimulus in the U.S. and the Fed’s pledge to keep interest rates lower, raised the prospect of more inflows into emerging markets. Sentiment toward local companies also improved as the nation’s biggest conglomerate to global giants stepped in to help ease India’s coronavirus crisis.