Stock Market Indices ends higher amid positive global cues
Closing Bell: Indian Stock Market Indices ends higher amid positive global cues
Indian stock market indices opened higher on Wednesday amid positive cues from the other Asian markets. Nifty today opened at 17370.10 levels up by 103.35 points while Sensex made a positive opening of 354.43 points at 58163.01 levels. Indian markets extended their previous session profit and closed more than 1 percent higher.
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The domestic markets traded strongly throughout the day on account of buying in Auto, Metals, Media, and Bank stocks. Investors are eyeing the outcome of the RBI’s Monetary policy review due on Thursday. The market sentiment got boosted as the preliminary data showed on Tuesday that India’s exports grew by 28.51% to $8.67 billion during the first week of February. Adding more optimism, NITI Aayog Chairman Rajiv Kumar said the rise in international fuel and commodity prices may not continue going forward.
The upside of the market remained capped as the equity and equity-oriented mutual fund schemes saw less inflow in the month of January. As the data showed, the equity-related inflow in mutual fund schemes was Rs 14,552.3 crore for the month of January 2022, declining significantly from Rs 24,990 crore inflow seen in the previous month.
On the global front, markets remained supportive with all Asian markets closed higher tracking the positive cues from Wall Street overnight. European markets are trading higher following the positive cues from Asia and US markets.
Indian stock market indices at the Close
At the close, the Indian stock market indices, Nifty was up by 197.05 points or 1.14 percent and closed at 17463.80 levels while Sensex gained by 657.39 points or 1.14 percent and finished at 58465.97 levels. The Bank Nifty index closed higher by 581.80 points or 1.53 percent on spot and ended at 38610.25 levels.
The broader markets also closed in the green today. The Nifty midcap index was up by 340.25 points or 1.14 percent and closed at 30257.10 levels. The Nifty smallcap index closed higher by 44.60 points or 0.41 percent and finished at 10902 levels.
Top Nifty Gainers and Losers
The top gainers in the Nifty 50 index were Coal India, Maruti Suzuki, IndusInd Bank, Bajaj Auto, and Hindalco whereas the top losers were ONGC, Sun Pharma, SBI Life, ITC, and BPCL
The midcap top gainers were Indiabulls Housing, Tata Chemicals, and Dixon Technologies, and the losers were Endurance Tech, Mahanagar Gas, and Bank of Baroda.
The top gainers in the Nifty smallcap index were TV18 Broadcast, Rain Industries, NALCO the losers were BASF, JK Lakshmi Cement, and Bajaj Electric
The most active stocks in the Nifty index in terms of value were HDFC Reliance and Maruti. The most active stocks in terms of volume were Coal India, ONGC, and SBI
On a sectoral front, barring PSU Bank, and OIl & Gas all other sectors closed in the green today. The Sector that led the rally were Auto, Metal, Media, Bank, Financial Services, and Consumer Durables.
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