Business

Sensex Rises Over 200 Points, Nifty Trades Above 16,050; Adani Ports, Tech Mahindra Top Gainers

   Download Android App    Share in      FullScreen   CheckVideos

Sensex and Nifty had paused a 4-day losing streak in the previous trading session.New Delhi: The Indian equity indices opened higher on Wednesday led by gains in information technology and pharma stocks.

Global share markets fell as crude oil prices climbed further, driven by the United States banning Russian oil and other energy imports over Moscow's invasion of Ukraine.

Crude climbed further to trade above $131 a barrel mark.Back home, as of 9:16 am, the benchmark BSE Sensex jumped 229 points or 0.43 per cent to 53,653; while the broader NSE Nifty rose 59 points or 0.37 per cent to 16,072.Mid-and small-cap shares were trading in the positive zone as Nifty Midcap 100 index moved 0.94 per cent higher and small-cap shares gained 1.44 per cent.12 out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the green.

Nifty IT and Nifty Pharma were outperforming the index by rising as much as 1.30 per cent and 1.35 per cent, respectively.

Nifty Metal fell as much as 0.75 per cent.On the stock-specific front, Adani Ports was the top Nifty gainer as the stock surged 2.20 per cent to Rs 704.

Tech Mahindra, Hindustan Unilever, Infosys and Maruti Suzuki India were also among the gainers.On BSE, the overall market breadth was slightly positive as 2,208 shares were advancing while 441 were declining.On the 30-share BSE index, TechM, Maruti, Sun Pharma, Infosys, Dr Reddy's and Hindustan Unilever were among the top gainers.

In contrast, PowerGrid, Asian Paints, Tata Steel, Kotak Mahindra Bank, Nestle India were trading in the red.Both the indices had paused a 4-day losing streak in the previous trading session.

Sensex had surged 581 points or 1.10 per cent to settle at 53,424 in a volatile trading on Tuesday, while Nifty had moved 150 points or 0.95 per cent higher to close at 16,013.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Business


20