Nifty and Sensex Today: Indian stock markets opened higher on Thursday amid positive cues from the other Asian markets as traders digested the comments made by the US Fed’s Chairman Jerome Powell overnight. The Nifty today opened at 15452.55 levels up by 38.25 points while Sensex made a positive opening of 150.22 points at 51972.75 levels.
Stock market news and updates today
The Indian market indexes traded volatile throughout the day and later extended their early gains. Other than the positive Asian market cues, the falling crude oil prices have also supported the domestic markets today. The market sentiments were boosted as positive reports stating that the corporate profit to Gross Domestic Product (GDP) ratio rebounded to a decade high of 4.3 percent and 4.5 percent for the Nifty-500 universe and listed Indian companies, respectively.
The recovery was driven by the expansion in the economy after a Covid-led contraction in 2021, while corporate profit rose at a faster rate of 48 percent YoY for the Nifty 500 companies. The market upside was limited due to negative cues from the European markets and continuous selling pressure from the Foreign Institutional Investors (FIIs).
On the global front, Asian markets mostly closed in the green on Thursday as the manufacturing activities in Japan continued to expand at a slow rate in the month of June. The latest survey from the Jibun Bank revealed Japan’s Manufacturing PMI score of 52.7 in June as compared to 53.3 in May. The European markets are trading lower on recession fear now all eyes are on UK’s PMI survey data for June.
Sensex and Nifty at the close today
The Nifty index gained by 143.35 points or 0.93 percent and closed at 15556.65 levels while Sensex was up by 443.19 points or 0.86 percent and finished at 52265.72 levels. The Bank Nifty index ended higher today by 289.70 points or 0.88 percent on the spot level and ended at 33135
The broader markets outperformed the benchmark indices, as the Nifty midcap index gained by 312.10 points or 1.21 percent and closed at 26079.95 levels. The Nifty smallcap index closed higher by 106.80 points or 1.31 percent and finished at the 8245.70 level
Nifty top gainers and losers today
The top gainer in the Nifty50 index was Maruti Suzuki, Hero Motocop, Eicher Motors, M&M, and Bajaj Auto whereas the top loser was Reliance, Coal India, Power Grid, NTPC, and Grasim
The top gainers in the Nifty midcap index were Oil India, Coforge, and Ashik Leyland and the top losers were Dhani Services, Manappuram Fin, and Godrej Agrovet
The smallcap top gainers were KEC International, Route, and IRB Infra and the top losers were Future Retail, EID Parray, and BASF
The most active stocks in the Nifty index in terms of value were Reliance, Maruti, and TCS. The most active stocks in terms of volume were ONGC, Tata Motors, and Hindalco
On a sectoral front, barring Oil & Gas all sectoral indices were closed in the green today. The sectors that led the rally were Auto, IT, Realty, Pharma, and Media
If you like the post “Nifty end above 15550, Sensex up 443 pts led by Auto, IT ” please share it with others.
You may also like to read, Stock Market Prediction Next Week (20 – 24 June 2022)
Trade Setup for Thursday 23 June 2022: Market News
Happy Investing!!
Editorial desk