CLOSING BELL:Sensex stood at 55,397, up 630 points while Nifty reclaimed the 16,500-mark to end at 16,521, up 180 points
Published On: Wednesday, July 20, 2022 | By: Team KnowMyStock
The market sentiment on Dalal Street was lifted today(20 July 2022) on Supportive global cues amid consistently falling commodity prices, and the government's decision to cut windfall tax on fuel exports. The S&P BSE Sensex opened gap-up with a gain of over 600 points and built on them to hit a high of 55,630. By the close, the index stood at 55,397, up 630 points or 1.15 percent. The Nifty50, on the other hand, reclaimed the 16,500-mark to end at 16,521, up 180 points or 1.1 percent.
ONGC, Tech M, Reliance Industries, TCS, HCL Tech, SBI, and Infosys were the top gainers, up between 2 per cent and 3.7 per cent. HDFC Life, M&M, Eicher Motors, and Sun Pharma, on the other hand, weere the losers in a solid market, down up to 2 per cent.
The broader market, however, underperformed the frontline indices today as they added up to 0.42 per cent. Sectorally, the Nifty IT index climbed 3 per cent, followed by the Nifty FMCG (up over 1 per cent). On the negative side, the Nifty Realty index fell 0.29 per cent.
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