Monday, December 23, 2024 | 06:24 PM ISTEN Hindi

Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

SI Reporter New Delhi

Market LIVE: Sensex surges 500 pts; Nifty50 above 17,100; Auto, IT upbeat

CLOSING BELL

Equity markets snapped their 5-day losing run and ended higher on Wednesday amid buying in IT, Auto, and FMCG stocks. The BSE Sensex soared 574 points, or 1 per cent, to close at 57,037 while the Nifty50 ended at 17,136.5, up 178 points or 1 per cent. Both the indices hit intra-day highs of 57,216 and 17,187, respectively.

Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers, advancing between 2.4 per cent and 3.4 per cent. Bajaj twins, ICICI Bank, ITC, L&T, and Tata Steel, meanwhile, were the top laggards, down up to 3 per cent.

In the broader market, the BSE MidCap and SmallCap indices added up to 0.5 per cent. Sectorally, the Nifty Metal index was the top loser, falling 0.3 per cent, while the Nifty Auto index was the biggest gainer, up 2.4 per cent.

Global cues

European stocks saw some positive gains after opening around the flatline on Wednesday as investors monitor developments in Ukraine and assess the IMF's latest global economic forecasts. The pan-European Stoxx 600 index was flat at the open but soon turned positive to trade 0.3 per cent higher with the majority of sectors in positive territory.

On Wall Street, Nasdaq Futures were down 0.5 per cent, while Dow Jones and S&P500 Futures slipped up to 0.3 per cent.

In Asia, Japan's Nikkei gained 0.86 per cent, South Korea's Kospi ended flat with negative bias, and Hong Kong's Hang Seng wased 0.4 per cent.

4:05 PM

Market view: Kunal Shah-Senior Technical & Derivative Analyst at LKP Securities

The Bank Nifty index is still trading below its 200 DMA, which is placed at the 36800 level. The index needs to cross this level decisively for resuming the up move. The index lower-end support stands at 36100 and, if breached will witness further downside towards 35800-35100 levels.

4:00 PM

European markets edge higher

3:55 PM

Muted trade for US equity futures

3:54 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

With support from recovery in beaten-down HDFC stocks and the IT sector, the market countered yesterday’s selloff. Foreign investors are pumping out funds in large quantities while support from DIIs is helping the market to partially balance the pressure. A similar level of volatility can be expected to continue until global uncertainties settle down leading to a softening of FII selling.

3:51 PM

Closing bell: Over 1,100 stocks advanced whereas 979 declined

3:49 PM

Closing bell: Nifty Auto best sectoral performer

3:46 PM

Closing bell: Smallcaps outshine Midcaps; India Vix slips below 5%

3:42 PM

Closing bell: Bajaj Twins, ICICI Bank, JSW Steel top Nifty 50 losers

3:41 PM

Closing bell: BPCL, Tata Motors, Shree Cement top Nifty 50 gainers

3:39 PM

Closing bell: 9 Sensex stocks close in negative territory

3:37 PM

Closing bell: Auto, IT stocks upbeat; Media, Metals lose shine

3:33 PM

Closing bell: Sensex closes higher by over 550 points

3:32 PM

Closing bell: Nifty 50 closes above 17,100 levels

3:23 PM

Nestle gains ahead of Q4 results due tomorrow

3:17 PM

NEWS ALERT :: Govt approves merger of MRPL-OMPL

>> Pursuant to the joint company petition dated 1 December 2021 filed by MRPL and OMPL with the MCA on 3 December 2021, Ministry of Corporate Affairs ("MCA") has passed an order dated 14 April 2022, sanctioning the scheme of amalgamation between MRPL and OMPL and their respective shareholders and creditors.

Source: BSE filing

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Topics : Sensex MARKET LIVE MARKET WRAP Markets Nifty Russia Ukraine Conflict BSE NSE stock markets Dalal Street Bharti Airtel Vodafone Idea Reliance Jio ACC L&T Infotech

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First Published: Apr 20 2022 | 8:13 AM IST