Sensex jumps 1047 pts, Nifty ends above 17250 levels
Closing Bell: Sensex and Nifty Today-Indian stock markets made a huge gap opening on Thursday amid positive cues from Wall Street overnight. The US Federal Reserve’s 25 bps rate hike in line with market expectation boosted the global market sentiments. Nifty today opened at 17202.90 levels, up by 227.55 points while Sensex made a positive opening of 803.63 points at 57620.28 levels.
Stock market news today
The Indian markets traded strong and optimistic mode throughout the day and extended their early gains. Other than the Fed’s interest rate decision the negotiations between Russia and Ukraine and China’s government pledged stimulus support for economic growth also aided the domestic market indices on Thursday.
The market has got some support with a private report stating that private equity and venture capital investments for the month of February 2022 were about $5.8 billion, 2.3 times the value recorded in February 2021 and 24 percent higher than the investments in January 2022. Some support also came on the institutional front, as FIIs were net buyers of Rs 311.99 crore in the cash segment on Wednesday.
On the global front, the other Asian markets were closed in the green on Thursday following the positive cues from Wall Street overnight. The Chinese government pledged to come up with more stimulus.to support the economy has boosted the Asian market sentiments. The major Chinese technology hub of Shenzhen will allow its firms to resume work in an orderly manner after it was closed for the Covid outbreak. The European markets are trading almost flat as investors eyed another rate hike from BOE later today.
Sensex and Nifty indexes at close today
At the close, the Nifty index gained 311.70 points or 1.84 percent and closed at 17287.05 levels while Sensex was up by 1047.28 points or 1.84 percent and finished at 57863.93 levels. The Bank Nifty index closed higher by 680.30 points or 1.90 percent on spot and ended at 36428.55 levels.
The broader markets also closed higher today in line with their larger peers. The Nifty midcap index was up by 393.35 points or 1.38 percent and closed at 28977.90 levels. The Nifty smallcap index closed higher by 124.85 points or 1.23 percent and finished at 10279.05 levels.
Top Nifty gainers and losers today
The top gainers in the Nifty 50 index were HDFC, JSW Steel, Titan Company, SBI Life Insurance, and Kotak Mahindra whereas the top losers were Infosys, Cipla, IOC, HCL Tech, and Coal India.
The midcap top gainers were Trent, L&T Finance, and Coromandel Int, and the top losers were Oil India, JSW Energy, and Natco Pharma. The small top gainers were KEI Industries Bharat Dynamics, and GNFC and the top losers were Future retail, Sequent Scientific, and APL Apollo
The most active stocks in the Nifty index in terms of value were Infy, Reliance, and HDFC. The most active stocks in terms of volume were ONGC, ITC, and IOC.
On a sectoral front, barring IT, all other sectoral indices closed in the green today. The sectors that led the rally were Realty, Financial Services, Auto, Banking, Consumer Durables, and Metals.
Indian stock markets will remain closed tomorrow, 18 March 2022 on account of the Holi Festival.
We wish you all a Happy Holi- A Festival of Colours
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