Closing Bell- Nifty ends above 17100, Sensex up 446 pts

 

Sensex & Nifty 50 at close: Indian stock market indexes extended their early gains on Wednesday, tracking positive global cues. The benchmark indices trimmed some early gains in the afternoon session. However, the indexes later resumed their northward journey and ended near their day’s high level. 

The Nifty 50 index closed higher by 119.10 points or 0.70 percent and closed at 17107.50 levels while the Sensex was up by 445.73 points or 0.77 percent and finished at 58074.68 levels. The Bank Nifty index ended higher by 532.75 points or 1.35 percent on the spot level and closed at 39894.70 levels

The broader markets also closed higher almost in line with the benchmarks today, as the Nifty midcap index was up by 175.60 points or 0.59 percent and closed at 29958.15 levels. The Nifty smallcap index closed higher by 59.15 points or 0.66 percent at 9065 levels.

 

Nifty 50 top gainers & losers 

 

The top gainers in the Nifty 50 index were HDFC Life, Reliance, Bajaj Finance, Bajaj Auto, and SBI Life and the top losers were Power Grid, Britannia, TechM, TCS, and Divis Lab

The top gainers in the Nifty midcap index were Comptron, Indiamart, and ABB and the top losers were closed lower Trident, LTTS, and Fortis

The smallcap top gainers were Anupam Rasayan, UTI AMC, and Welspun while the top losers were Metropolises, Century Textiles, and Sobha 

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

On the sectoral front, the PSU Bank, Financial Services, Consumer Durables, and Banking sectors closed higher. The sectors that closed lower were IT FMCG, and Pharma

 

Global stock market updates

 

On the global front, Asian markets mostly closed in the green as fears of a banking crisis eased, and investors awaited the Federal Reserve`s interest-rate decision. Nikkei was not trading today due to a holiday. IMF is bullish on the Sri Lankan crisis-hit economy and expects to recover in 2024 also approved a $3 billion bailout package. 

Hang Seng gained as the tech index ended sharply higher, Shanghai index, Australia, and Kospi all closed higher today. European stock markets are trading higher as investors digested the UBS takeover of its rival Credit Suisse. All sectoral indices are trading higher led by Banking and Financial sectors,

 

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You may also like to read,  Stock Market Prediction Next Week (20-24 March 2023)

                                               Stock Market Live: Nifty trading above 17K amid positive global cues

Happy Investing!!

Editorial desk