Stock Market Today, 22 March 2024: Indian stock market indexes ended higher on Friday, rising for the third straight session. The domestic markets opened lower following negative cues from Asian markets, and soon after opening, markets erased all losses and turned positive. In the last hour, Sensex and Nifty trimmed some intraday gains ahead of a long weekend and closed with decent gains.
The positive sentiments from the US markets lifted the domestic markets. Traders were also encouraged as India`s G20 Sherpa and former NITI Aayog CEO, Amitabh Kant said India will surpass Japan and Germany to emerge as the third-largest economy and also the third-largest stock market in the world in the next five years. However, gains were capped as technology stocks tumbled after Accenture lowered its full-year revenue guidance.
Stock Market Today
The Nifty 50 index closed higher by 84.80 points or 0.39 percent and closed at 22096.75 levels while the Sensex was up by 190.75 points or 0.26 percent and finished at 72831.94 levels. The Bank Nifty index ended higher by 178.85 points or 0.38 percent on the spot level and closed at 46863.75 levels.
The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 279.30 points or 0.59 percent and closed at 47312.85 levels. The Nifty smallcap index ended higher by 96.45 points or 0.64 percent at 15056.75 levels.
Nifty 50 Top Gainers & Losers
The top gainers in the Nifty 50 index were Hero Motor, Maruti, UPL, Apollo Hospital, and Sun Pharma and the top losers were LTIM, Infy, Wipro, HCL Tech, and TechM
The top gainers in the Nifty midcap index were Indus Tower, Prestige, and IRFC and the top losers were Coforge, Persistent, and Paytm
The smallcap top gainers were Laxmi Organic, CAMS, and Amber while the top losers were BSE, PPL Pharma, and Bikaji.
The most active stocks in the Nifty index in terms of value were HDFC Bank, Reliance, and TCS. The most active stocks in terms of volume were Tata Steel, ITC, and HDFC Bank.
On the sectoral front, barring IT all other sectoral indices closed in the green, with Realty, Auto, and Pharma gaining the most.
Global Stock Market Today
The other Asian stock market indexes mostly ended in the red on Friday. Japan’s Nikkie 225 gave up some early gains and closed slightly higher by 0.18%, despite the inflation reading accelerated in February. Nikkei 225 hit a fresh all-time high in the early trade today. Australia’s S&P ASX 200 index ended lower by 0.15%.
South Korea’s Kospi index traded volatile today and closed lower by 0.23%. Shanghai and Hang Seng indexes fell the most in the region, down around 1% and 2% respectively. The Straits Times and SET Composite closed lower, while Taiwan finished higher today.
European stock market indexes are trading mixed following the mixed cues from Asian markets. After Thursday’s Bank of England policy announcement, FTSE is trading higher as investors are optimistic about June rate cuts.
If you like the post “Stock Market Today: Nifty Ends Near 22,100, Sensex Up 191 Pts: Realty & Auto Gain” please share it with others.
You can also follow our Nifty and Bank Nifty Support and Resistance Levels in Live markets around 11.30 am daily.
Also, read – Options Trading Books: Your Ultimate 2023 Guide to Winning Big
Happy Investing!!
Editorial desk