Nifty index end above 18200, Sensex up 274 pts today

 

Sensex and Nifty index today: Indian stock markets opened flat despite a positive indication from the Asian markets in the morning. Nifty today opened at 18179.15 levels up by 19.2 points while Sensex made a slightly lower opening at 61126.56 levels, down by just 18.28 points. The domestic markets turned positive after a few minutes of trading and traded above their neutral lines.

 

Stock market news and updates today

 

Indian equity markets continued to trade higher throughout the day on the back of buying by funds and retail investors. Meanwhile, the broader indices on the NSE were trading mixed. Sentiments were positive as the Indian rupee appreciated against the dollar at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks. 

There was some buzz in tire-related stocks as rating agency ICRA in its latest report has maintained its domestic tyre demand’s growth estimate at 6-8% for FY2023, driven primarily by strong growth in the original equipment manufacturers (OEM) segment and muted growth in replacement volumes. However, the upside remained capped on concerns that rising COVID cases in China and strict pandemic curbs will weigh on global economic growth.

On the global front, the other Asian market indexes closed mixed due to the imposition of stringent restrictions and lockdowns in several cities in China, including Shanghai and Beijing. The resurgence of  COVID-19 cases raised concerns about the outlook for the global economy. European equity benchmarks are trading higher as the oil prices are trading higher.

 

Sensex and Nifty index at the close today

 

The Nifty 50 index was up by 84.25 points or 0.46 percent and closed at 18244.20 levels while the Sensex gained by 274.12 points or 0.45 percent and finished at 61418.96 levels. The Bank Nifty index closed higher by 110.50 points or 0.26 percent on the spot level and ended at 42457.05

The broader markets closed higher today, the Nifty midcap index gained by 168.50 points or 0.55 percent and at 31070 levels. The Nifty smallcap index was up by only 2.80 points or 0.03 percent at 9639.70 levels.

 

Nifty 50 index top gainers and losers today

 

The top gainers in the Nifty 50 Stocks were IndusInd Bank, JSW Steel, NTPC, HDFC life, and Ultratech Cement and the top losers were BPCL, Nestle, Power Grid, Bharti Airtel, and Kotak Mahindra

The top gainers in the Nifty midcap index were Varun Beverages, Bank of India, and Shriram Transport and the top losers were Mahanagar Gas, Dhani Services, and JSW Energy

The smallcap top gainers were Mazgaon Dock, Cochin Shipyard, and Bharat Dynamics while the top losers were Vakrangee, Rail Vikas, and Avanti Feeds

The most active stocks in the Nifty index in terms of value were ICICI Bank, Reliance, and Adani Ent The most active stocks in terms of volume were Tata Steel, NTPC, and ICICI Bank

On the sectoral front, barring Realty all other sectoral indices closed in the green today. The sectors that led the rally were PSU Bank, Metals, IT, Consumer Durables, and FMCG.

 

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Editorial desk