CLOSING BELL: Sensex 740 points higher to end at 58,684 while Nifty leaped 173 points to settle at 17,498
Published On: Wednesday, March 30, 2022 | By: Team KnowMyStock
Cyclical sectors such as financials and autos powered an over 1 percent march on the benchmark indices today(30 March 2022) as investors cheered de-escalation talks between Russia and Ukraine. Investor sentiment was boosted following negotiations between Russian and Ukrainian officials in Turkey, at which Russia's deputy defense minister claimed Moscow had decided to "drastically" cut back its military activity near Ukraine's capital. Against this backdrop, Reliance Industries, HDFC twins, ICICI Bank, Bajaj Finance, and Kotak Bank lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684. The NSE Nifty50, meanwhile, leaped 173 points to settle at 17,498. The 50-pack index was additionally supported by Bajaj Finserv, Hero MotoCorp, Grasim, Tata Consumer, M&M, and Axis Bank.
However, losses in ITC, Tata Steel, ONGC, Hindalco, JSW Steel, Tech M, Coal India, and IOC kept gains in check.
In the broader markets, the BSE MidCap index added 0.7 per cent while the BSE SmallCap index gained 1 per cent.
Sectorally, the Nifty Metal index took the hardest knock, sliding over 2 per cent on the NSE. On the upside,the Nifty Financial Services index climbed 2 per cent, and the Nifty Bank and Auto indices added over 1 per cent each.
Sensex 740 points higher to end at 58,684 while Nifty50 leaped 173 points to settle at 17,498
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