Sensex Rises Over 400 Points On Positive Global Indicators, Nifty Trades Over 17,450

Sensex and Nifty started at a higher level today.

New Delhi:

Indian equity benchmarks traded higher in opening deals on Wednesday taking cues from global markets. Asian stocks joined an overnight global rally as hopes rose for negotiations to end the Russia-Ukraine conflict. The latest round of peace talks takes place in Istanbul more than a month after the biggest attack on a European country since World War II.

The trend on Nifty Futures on the Singapore Exchange (SGX Nifty) also shows a starting gap for the domestic index.

The BSE Sensex 30 shares jumped 429 points or 0.74 percent to 58,372 in early trade, while the broader NSE Nifty rose 143 points or 0.82 percent to 17,468.

Medium and small -cap stocks traded on a positive note as the Nifty Midcap 100 rose 0.50 and small -cap stocks rose 0.92 percent.

13 of the 15 sector gauges – compiled by the National Stock Exchange – are traded in green. Nifty Bank and Nifty FMCG outperformed the index by rising by 0.76 per cent and 0.72 per cent, respectively. Nifty Metal, however, was down 1.66 percent.

In terms of niche stocks, Tata Consumer Products was the top Nifty profit company when the stock jumped 4.17 per cent to Rs 774.20. Tata Motors, Hero MotoCorp, Cipla and Maruti are also among the winners.

The overall market share was positive as 1,932 stocks rose while 543 stocks declined on the BSE.

On the BSE 30 -stock index, Bharti Airtel, Maruti, Bajaj Finance, M&M, UltraTech Cement, Nestle India, L&T, Asian Paints and IndusInd Bank were among the gainers.

In contrast, Tata Steel, Tech Mahindra, NTPC, Sun Pharma, NTPC and Reliance Industries traded in the red.

The Sensex was up 350 points or 0.61 percent to close at 57,944 on Tuesday, while the Nifty was up 103 points or 0.60 percent higher to close at 17,325.


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