Nifty at 17100, Sensex up 355 pts, HCL Tech, Hindalco top gainers

March 17, 2023 admin

Sensex & Nifty 50 at close: The Indian stock market indexes extended their gains for the second straight session. The market sentiments were improved after tracking positive global cues on the last day of the week.

The Nifty 50 index closed higher by 139.55 points or 0.82 percent and closed at 17125.15 levels while the Sensex was up by 355.06 points or 0.62 percent and finished at 57989.90 levels. The Bank Nifty index ended higher by 551.65 points or 1.41 percent on the spot level and closed at 39684.25 levels

The broader markets closed higher today, as the Nifty midcap index was up by 111.20 points or 0.37 percent and closed at 30108.70 levels. The Nifty smallcap index was closed in line with its larger peers, up by 73.25 points or 0.81 percent at 9105.80 levels.

Nifty 50 top gainers & losers

The top gainers in the Nifty 50 index were HCL Tech, Hindalco, UPL, Ultratech cement, and Nestle and the top losers were Eicher Motors, ITC, NTPC, Maruti, and Asian Paints

The top gainers in the Nifty midcap index were Prestige, Indian Bank, and Bank of India and the top losers were closed lower Patanjali Foods, TI India, and Delhivery

The smallcap top gainers were Medplus Healthcare, Laxmi Organic, and KPIT Tech while the top losers were JSL, Network 18, and IRB

The most active stocks in the Nifty index in terms of value were Reliance, TCS, and ITC. The most active stocks in terms of volume were ITC, Tata Steel, and NTPC

On the sectoral front, Realty, Metal, Financial Services, and Banking closed higher while the sectors closed in the red were Media, Pharma, and Auto

Global stock market updates

On the global front, Asian markets closed higher, after major Wall Street banks pledged a deposit of $30 billion in First Republic Bank to boost confidence in the banking system. Japan’s Nikkei closed higher following positive cues from Wall Street.

Meanwhile, the Japanese government and central bank board members are to meet on Friday to discuss the banking turmoil. The tech shares lifted the mood of the Hang Seng index following their peers in US markets overnight, while Shanghai also closed higher following the optimistic global cues.

European stock market indexes continued to trade higher on Friday after large US banks bailed out San Francisco-based First Republic Bank on Thursday. Meanwhile, investors are awaiting the final eurozone inflation data, expected later in the day and estimated at around 8.5%.

If you like the post “Nifty at 17100, Sensex up 355 pts, HCL Tech, Hindalco top gainers ” please share it with others.

Stocks in News Today 17 March; Best Stocks to Buy Now

Happy Investing!!

Editorial desk