MARKET UPDATE: Sensex rose 300 points to 53,717, and Nifty gained 88 points to 16,030
Published On: Friday, July 15, 2022 | By: Team KnowMyStock
The Indian markets opened with nominal gains today(15 July 2022) tracking mixed cues from overseas amid declining commodity prices. The BSE Sensex rose 300 points to 53,717, and the NSE Nifty50 gained 88 points to 16,030. Bharti Airtel, SBI, Bajaj Finance, IndusInd, L&T, Kotak Bank, HUL, Infosys, and Tech M led gains on the Sensex. Britannia, Apollo Hospital, and Tata Consumer were the additional winners on Nifty. On the flipside, Tata Steel, HCL Tech, Axis Bank, Wipro, Tata Steel, JSW Steel, ONGC, and Hindalco were the top index drags.
The broader markets also opened in green. The BSE MidCap and SmallCap indices rose up to 0.5 per cent higher.
All sectors opened in green, however, Nifty metal soon turned negative. Nifty FMCG and consumer durable pockets led sectoral gains, rising up to 1 per cent.
Among stocks, Angel One fell over 1 per cent on reporting an 11 per cent decline in its Q1FY23 profit. Syngene International gained over 2 per cent after it signed a 10-year pact to manufacture drug substance Liberla – a monoclonal antibody used to treat osteoarthritis in dogs, with US-based animal health company Zoetis.
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