MARKET UPDATE: Sensex hit highs of 56,504 (up nearly 650 points) while Nifty at 16,807 levels, up 192 points
Published On: Tuesday, December 21, 2021 | By: Team KnowMyStock
Indian benchmark indices started higher today(21st December 2021), after two days of relentless selling, on the back of broad-based buying. The BSE Sensex climbed 468.5 points at 56,290.5 level while the Nifty50 tested the 16,750-mark, up 128 points. Soon after, the indices extended gains and hit highs of 56,504 (up nearly 650 points) and 16,807 (up 192 points). All the 30 index constituents on the Sensex were ruling higher led by Titan (up 2.5 percent), HCL Tech, Tata Steel, L&T, and ICICI Bank. On the Nifty, only Eicher Motors was in the negative zone. In the broader markets, the BSE MidCap and SmallCap indices on the BSE gained up to 1 percent. Among individual stocks, the shares of IDBI Bank were up 1 percent after the bank clarified that Mumbai-based diamond merchant Sanghavi Diamonds has defaulted on a loan worth Rs 16.72 crore as against the reported amount of Rs 6,710 crore.
Among individual stocks, the shares of IDBI Bank were up 1 per cent after the bank clarified that Mumbai-based diamond merchant Sanghavi Diamonds has defaulted on loan worth Rs 16.72 crore as against reported amount of Rs 6,710 crore.
On the downside, the shares of McLeod Russel declined over 4 per cent. The company expects its debt-restructuring plan to be finalised in the next few months.
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