Nifty ends above 16900 amid positive global cues
Sensex and Nifty Today: It was an optimistic start for the Indian stock markets on Thursday amid positive cues from Wall Street overnight. Nifty today opened at 16774.85 levels, up by 133.05 points while Sensex made a positive opening of 451.23 points at 56267.56 levels. Indian markets extended their early gains today and closed strong today.
Stock market news and updates today
The domestic market sentiments were upbeat and were trading in fine fettle throughout the day on account of buying in the IT, Financial Services, and Realty sectors. Other than the strong global market cues, markets have got support from RBI’s report that showed that digital payments across the country registered a growth of nearly 29 percent in a year through March 2022. The RBI digital payment index (RBI-DPI) stood at 349.3 in March 2022 against 270.59 in March 2021.
However, traders took note of a private report that the RBI’s rate-setting panel will go for a 0.35 percent hike in the key repo rate at its August meeting. Meanwhile, Sebi has extended the deadline by three months to Nov 1, for commencing the validation of all KYC records by KYC Registration Agencies (KRAs)
On the Global front, most of the Asian markets closed in the green on Thursday, following the broadly positive cues from Wall Street overnight. Traders reacted positively to the US Fed’s widely anticipated interest rate hike and Fed Chairman Jerome Powell’s comments that he does not think the US is currently in a recession and assured that the central bank will slow increasing the rate at some point.
European markets erased their early gains and traded marginally lower despite a less hawkish stance from the US Fed Reserve.
Sensex and Nifty at the close today
The Nifty index gained by 287.80 points or 1.73 percent and closed at 16929.60 levels while Sensex was up by 1041.47 points or 1.87 percent and finished at 56857.79 levels. The Bank Nifty index ended higher today by 594.40 points or 1.62 percent on the spot level and ended at 37378.15
The broader markets underperformed the benchmarks today, as the Nifty midcap index gained by 243.45 points or 0.84 percent and closed at 29219.75 levels. The Nifty smallcap index closed higher today by 76.40 points or 0.85 percent at 9017.95 levels.
Nifty top gainers and losers today
The top gainers in the Nifty50 index were Bajaj Finance, Bajaj Finserve, Kotak Mahindra, IndusInd Bank, and SBI Life whereas the top losers were Shree Cement, Bharti Airtel, Ultratech Cement, Cipla, and Bajaj Auto
The midcap top gainers were Indiabulls Hsg, JSW Energy, and Mindtree and the top losers were Dixon technology, SAIL, and Emami.
The top gainers in the Nifty smallcap index were Tanla Platforms, Bharat Dynamics, and Fine Organics, and the top losers were VIP Industries, Spice Jet, and Aarti Drugs
The most active stocks in the Nifty index in terms of value were Bajaj Finance, Bajaj Finserve, and Tata Motors. The most active stocks in terms of volume were Tata Steel, Tata Motors, and ONGC.
On the sectoral front, all sectoral indices closed higher today. The sectors that let the rally in today’s markets were IT, Financial Services, Realty, Banks, and Metals.
If you like the post “ Nifty ends above 16900 amid positive global cues ” please share it with others.
You may also like to read, Trade Setup for Thursday 28 July 2022: Stock Market News
Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
Happy Investing!!
Editorial desk
