fbpx
  Previous   Next
HomeBusinessSensex Gains 497 Points, Nifty Ends Above 16700

Sensex Gains 497 Points, Nifty Ends Above 16700

The Indian equity benchmarks traded higher on Tuesday led by gains in IT and metal stocks following a positive trend in global markets. The benchmark BSE Sensex rose 497 points or 0.89 per cent to close at 56,319; while the broader NSE Nifty moved 157 points or 0.94 per cent up to settle at 16,771. Both the domestic indices pared more than half of their respective gains from the day’s highest levels.

Mid- and small-cap shares jumped as Nifty Midcap 100 index climbed 1.28 per cent and Nifty Smallcap 100 index surged 1.25 per cent.

On the stock-specific front, HCL Tech stood as the top Nifty gainer as the stock soared 4.32 per cent to ₹ 1,210. Shares of Wipro, Adani Ports, UPL Ltd and Tata Steel also witnessed major gains.

On the flipside, PowerGrid, Axis Bank, Bajaj Finance and Cipla fell as much as 1.74 per cent.

14 out of 15 sector gauges — compiled by the National Stock Exchange — settled in green. Nifty PSU Bank ended flat.

On the BSE platform, HCL Tech, Wipro, Tata Steel, UltraTech Cement, Tech Mahindra and Titan attracted the most gains with their shares rising as much as 4.30 per cent.

The overall market breadth stood positive as 2,287 shares advanced while 1,031 declined on BSE.

Global shares gained as investors weighed up the extent to which the Omicron coronavirus variant would hit economies around the world, with the US dollar softening as appetite for riskier assets made a cautious return.

The broader Euro STOXX 600 rose as much as 1.1 per cent, German DAX’s added 0.8 per cent, with London’s FTSE climbing 0.9 per cent.

More News

India Will Have 1 Billion Smartphone Users By 2026

Giving a thrust on domestic manufacturing, Prime Minister Narendra Modi on Tuesday said that mobile manufacturing units have increased from just two in 2014...

Cataract Could Soon Be Treated With Drugs

A revolutionary new treatment for cataract has shown extremely positive results in laboratory tests, giving hope that the condition, which currently can only be...

Punjab CM Bhagwant Mann Has Decides To Abandon Special Cells In Jails For VIP Prisoners

In a major crackdown on the nexus of gangsters and criminals operating from jails, the Punjab government teams have confiscated 710 mobile phones from...

RELATED NEWS

India Will Have 1 Billion Smartphone Users By 2026

Giving a thrust on domestic manufacturing, Prime Minister Narendra Modi on Tuesday said that mobile manufacturing units have increased from just two in 2014...

Electric Vehicle Maker Rivian On Track To Build 25,000 Vehicles In 2022

Electric vehicle maker Rivian Automotive maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported...

Elon Musk Says Businesses And Governments Accounts Likely To Pay To Use Twitter

Elon Musk has said that businesses and governments may soon need to pay a “slight cost” to use Twitter just weeks after announcing he...