Nifty end above 17750 levels, Sensex jumps 1564 pts today
Nifty and Sensex Today: Indian stock markets erased all previous session losses on Tuesday amid positive cues from Asian market peers. As SGX Nifty indicated in the morning, Nifty opened higher at 17414.95 levels up by 102.05 points while Sensex made a gap-up opening of 287.23 points at 58259.85 levels. Indian markets were under bull’s grip and gradually moved towards the north direction and later closed more than 2 percent higher, at the close.
Stock Market News and Updates Today
Indian markets were trading optimistically after getting support from the US futures and positive Asian markets. On the domestic front, the market sentiments were positive, as rating agency ICRA in its note based on the analysis of 620 listed companies, excluding financial sector entities, has said that India Inc saw a 39 percent jump in top lines during the first quarter of FY23. However, it further said their operating margins declined 213 points to 17.7 percent due to input cost inflation.
Besides, as part of its efforts to strengthen customer protection, the Reserve bank of India is considering setting up a fraud registry to create a database of fraudulent websites, phones, and various modus operandi used for digital fraud in the country.
On the global front, the Asian markets were mostly closed in the green on Tuesday after Singapore`s producer price inflation eased for the first time in three months in July to the lowest level in ten months. European markets are trading higher on Tuesday tracking positive cues from Asia and as investors preferred to bet on the recently beaten down stocks.
Nifty 50 and Sensex at the close today
The Nifty 50 index was up by 446.40 points or 2.58 percent and closed at 17759.30 levels while the Sensex jumped by 1564.45 points or 2.70 percent and finished at 59537.07 levels. The Bank Nifty index ended higher today by 1260.05 points or 3.29 percent on the spot level and ended at 39536.75
The broader markets also closed higher today, the Nifty midcap index advanced by 627.85 points or 2.03 percent and closed at 31481.70 levels. The Nifty smallcap index closed higher today by 119.75 points or 1.26 percent at 9621.95 levels.
Nifty top gainers and losers today
The top gainers in the Nifty 50 index were Bajaj Finserve, Bajaj Finance, IndusInd bank, Tata Motors, and Tech Mahindra, there was no loser today, all Nifty 50 stocks closed in the green.
The midcap top gainers were JSW Energy, Adani Total Gas, and Oberoi Realty and the top losers were Dhani Services, Dr. Lala Path Labs, and Coromandel Int
The top gainers in the Nifty smallcap index were Shilpa, CDSL, and India Cements and the top losers were Future retail, Heidelberg Cement, and APL Apollo
The most active stocks in the Nifty index in terms of value were Reliance, Bajaj Finserve, and Bajaj Finance. The most active stocks in terms of volume were Tata Steel, NTPC, and ONGC
On the sectoral front, all sectoral indices closed in the green today led by Realty, Banks, Financial Services, IT, and Auto
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Editorial desk
