Sensex Rises 370 Points, Nifty50 Opens Higher Amid Mixed Global Cues
Indian benchmark indices, BSE Sensex and Nifty50, commenced Tuesday’s trading consultation on a high-quality basis, notwithstanding mixed global cues and persisting macroeconomic and international alternate issues.
At the outlet bell, the BSE Sensex gained 370.49 points (0.49%) to attain 77,736.66, while the Nifty50 climbed 106.10 points (0.46%) to 22,935.25.
On the 30-inventory BSE Sensex, 21 stocks traded within the green, led by Axis Bank (up 1.66%), followed by Bajaj Finance, IndusInd Bank, Infosys, and HDFC Bank. Meanwhile, Sun Pharma became the pinnacle laggard, slipping 2. 16 %, accompanied by Mahindra & Mahindra, Power Grid Corp., NTPC, and UltraTech Cement.
Similarly, on the Nifty50, 27 shares advanced, with Shriram Finance leading the percent with a 2.50% bounce, accompanied by the aid of Axis Bank, Bajaj Finance, HDFC Bank, and Tata Steel. On the losing facet, Sun Pharma dropped 2.54%, trailed by Dr. Reddy’s, Mahindra & Mahindra, Coal India, and Cipla.
Among sectors, the PSU Bank index emerged as the pinnacle performer, rising 2.04%. Key indices including Nifty Bank, Financial Services, and Realty posted profits of around 1%, whilst IT, Metal, and Private Bank indices additionally traded in fine territory.
On the alternative hand, Healthcare and Pharma indices have been the most important drags, declining 1.50% and 1.45%, respectively. The FMCG index slipped 0.36%, even as the Auto index edged down by means of 0.02%.
In the wider markets, the Nifty Smallcap a hundred index declined 0.97%, even as the Nifty Midcap one hundred saw a marginal uptick of 0.07%.
Disclaimer: The above article is for educational and informational purposes only and should not be construed as financial or investment advice. Please consult with a qualified financial advisor before making any investment decisions.