CLOSING BELL:Sensex surged 246 points to close at 54,768, while the Nifty reclaimed 16,300-mark to end at 16,341
Published On: Tuesday, July 19, 2022 | By: Team KnowMyStock
Indian benchmark indices rose at the fag-end of a choppy session, amid gains in PSU and select private banks, financial services, and select heavyweight stocks. The S&P BSE Sensex surged 246 points higher to close at 54,768, while the Nifty50 reclaimed 16,300-mark to end at 16,341. The index was 62 points higher at the end of the session. The indices were up 0.45 percent and 0.38 percent, respectively. Axis Bank, IndusInd Bank, M&M, Tata Steel, Ultratech Cement, Bajaj Finserv, Bharti Airtel, SBI, Coal India, Eicher Motors, and ICICI Bank were the top rulers, up between 1-2.3 percent. On the flipside, ONGC, Nestle India, HDFC Life, Sun Pharma, Tata Consumer, Cipla, Hero MotoCorp, and SBI Life ended lower, down up to 2.6 percent.
The broader markets, however, outperformed the frontline indices through the day. The BSE MidCap and Smallcap indicies settled up to 0.8 per cent up.
The rupee breached the 80-mark against the dollar today(19 July 2022). The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India.
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