Nifty 50 end above 17850 Sensex up 378 pts today

 

Sensex and Nifty at the close today: Indian stock markets extended early gains on Wednesday, as investors become optimistic after the RBI Monetary Policy outcome. The Nifty 50 index closed higher by 150.20 points or 0.85 percent and closed at 17871.70 levels while the Sensex gained by 377.75 points or 0.63 percent and finished at 60663.79 levels. The Bank Nifty index ended higher by 46.70 points or 0.11 percent on the spot level and closed at 41537.65

The broader markets also closed higher today almost in line with their larger peers, as the Nifty midcap index was down by only 280.20 points or 0.91 percent and closed at 30944 levels. The Nifty smallcap index closed lower by 79.25 points or 0.84 percent at 9478.90 levels.

 

Nifty 50 index top gainers and losers today

 

The top gainers in the Nifty 50 index were Adani Enterprise, Adani Ports, HDFC Life, Bajaj Finance, and SBI Life and the top losers were Power Grid, Coal India, Larsen, Hero Motorcorp, and Eicher Motors

The top gainers in the Nifty midcap index were PB Fintech, Aurobindo Pharma, and Max Financial and the top losers were Tata Teleservices, Navin Fluorine, and Astral Ltd.

The smallcap top gainers were Sonata, PNB Housing Fin, and Godfrey Philip while the top losers were Bharat Dynamics, Ujjivan Small, and KEI Industries

The most active stocks in the Nifty index in terms of value were Adani Ent, Reliance, and Adani Port The most active stocks in terms of volume were Tata Steel, Adani Port, and Adani Enter.

On the sectoral front, Metals, IT, Pharma, and Financial Services closed higher. The sectors that closed in the red were FMCG and Realty

 

Global stock market updates

 

On the global front, Asian stock market indexes closed mixed as Federal Reserve Chairman Jerome Powell overnight acknowledged that inflation is declining – a sign the central bank may soon pause its rate hikes. Japan’s Nikkei closed lower due to disappointing corporate results.

European stock markets are trading higher on Wednesday after following positive cues from Wall Street overnight, as investors digested the latest comments from the US Fed Chairman Jerome Powell.

 

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Editorial desk