Tuesday, January 25, 2022

Sensex rises 650 points, Nifty ends above 18,000; IT, PSU Bank stocks top gainers

Indian equity indices closed higher on Monday. Strong buying interest was witnessed in Consumer Durable and PSU Bank stocks. Titan was the top gainer among blue-chip stocks, surged 3.29 per cent. Maruti Suzuki, Larsen, SBI and HDFC were among the other top Sensex gainers. While Wipro, Nestle, Asian Paints and Power Grid Corp were laggards.

Earlier in Asian Indices, South Korea’s Kospi declined by 0.95 per cent and Japan’s Nikkei 225 fell by 0.03 per cent. China’s Shanghai Composite index rose by 0.39 per cent

Market Overview

The BSE Sensex and Nifty50 increased by 1.09 and 1.07 per cent respectively. The Sensex of the Bombay Stock Exchange closed at 60,350 level while Nifty50 of the National Stock Exchange settled at the 18,003 mark. The Sensex gained 650 points to trade at 60,395 and the Nifty50 rose by 190 points to trade at 18,003.

Nifty50 Index

In Nifty50 index shares, UPL was the biggest gainer, increased by 4.14 per cent. Titan Company, Hero Motocorp, Maruti Suzuki, Tata Motors and Larsen were among the other gainers.

On the other hand, Wipro was the worst performer in the pack, down by 2.53 per cent. Divis Labs, Nestle, Asian Paints and Power Grid Corp were the other worst performers in the pack.

Small-cap and Mid-cap Indices

The Nifty Midcap-100 index surged 0.84 per cent and the Nifty Smallcap-100 index rose 1.28 per cent. In Nifty Midcap 100, GMR Infra gained 5.79 per cent, BHEL rose 5.21 per cent, Arti Ind, Bank of Baroda and City Union Bank also surged, while Ipca Labs, L&T Technology and Coforge declined. In Nifty Smallcap-100, Alok Industries gained 12.24 per cent. On the other hand, JK Lakshmi Cement fell 3.17 per cent, Caplin Labs, Welspun India and Tanla Platforms declined.

Sectoral Indices

In NSE sectoral indices, 19 out of 20 sectors surged. Nifty Consumer Durable was the top performer as it gained 5.43 per cent, Nifty PSU Bank rose 3.23 per cent, followed by Nifty Media increased by 2.25 per cent.

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