Sensex, Nifty end higher ; IT, Pharma, Realty advance
Closing Bell: Sensex, Nifty end higher today; IT, Pharma, Realty advance
Indian stock markets opened lower on Tuesday amid following negative cues from other Asian market peers. Nifty today opened at 15747.75 levels down by 121.4 points while Sensex made a negative opening of 412.69 points at 52430.06 levels. The benchmark indices erased early losses and turned positive in the morning deal, later they traded volatile and closed in the green today.
Stock Market News Updates
The Indian stock market sentiments remained cautious as Crisil in its latest report has warned that the Russia-Ukraine crisis and the various sanctions imposed on Russia by Western Countries may reduce the country’s imports on one hand and also lead to input cost pressure on downstream companies in Indian corporates.
Further adding more worries, the rating agency ICRA said that the ongoing conflict between Russia-Ukraine will burden domestic steelmakers with high input costs. The rating agency further said that it expects India’s current account deficit to widen to 3.2 percent of GDP in 2022-23, if the crude oil prices average $130 per barrel, crossing 3 percent for the first time in a decade.
On the global front, other Asian markets were closed in the red after Wall Street logged its biggest drop in more than a year as markets were volatile due to surges in crude oil and on fear of its impact on inflation and economic growth. European markets are trading in the green at this moment.
Sensex and Nifty indexes at the close
At the close, the Nifty index gained by 150.30 points or 0.95 percent and closed at 16013.45 levels while Sensex was up by 581.34 points or 1.10 percent and finished at 53424.09 levels. The Bank Nifty index closed higher by 286.85 points or 0.87 percent on spot and ended at 33158.10 levels.
The broader markets also closed higher today in line with their larger peers. The Nifty midcap index was up by 332.65 points or 1.24 percent and closed at 27198.55 levels. The Nifty smallcap index closed higher by 144.20 points or 1.51 percent and finished at 9696.80 levels.
Top Nifty gainers and losers
The top gainers in the Nifty 50 index were IOC, Sun Pharma, Tata Consumer, TCS, and Cipla whereas the top losers were Hindalco, ONGC, Tata Steel, Britannia, and JSW Steel.
The midcap top gainers were Mahanagar Gas, City Union Bank, RBL Bank, and the top losers were Adani Total Gas, JSW Energy, Whirlpool,
The top gainers in the Nifty smallcap index were Indian Bank, Sun Pharma Advance, PVR and the top losers were NALCO, Aegis Logistics, IOL Chemicals
The most active stocks in the Nifty index in terms of value were HDFC Bank, Reliance, and Tata Motors The most active stocks in terms of volume were ONGC, Tata Motors, and SBI.
On a sectoral front, barring Metal and Oil & Gas all other sectors closed in the green today The sector that closed higher were Realty, PSU Bank, Pharma, IT, Financial Services, and FMCG.
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Happy Investing!!
Editorial desk
