MARKET UPDATE: Sensex rose 20 points to 56,997, and Nifty largely unchanged at 17,063
Published On: Wednesday, May 4, 2022 | By: Team KnowMyStock
The Indian key benchmark indices started the session on a flat note today(4 May 2022)ahead of the US Fed monetary policy outcome. The BSE Sensex rose 20 points to 56,997, and the NSE Nifty50 was largely unchanged at 17,063. PowerGrid, NTPC, Tata Steel, ITC, Axis Bank, Infosys, Maruti and SBI were the top winners on the Sensex. Britannia, ONGC, BPCL, and Tata Motors were the additional gainers on the Nifty. Bharti Airtel, TCS, Dr. Reddy's, Titan, HDFC Bank, Asian Paints, Bajaj Finance, Hindalco, and Apollo Hospitals were the leading losers, slipping up to 2 percent on the two indices.
The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were up to 0.5 per cent higher.
Nifty Metals, Pharma, and consumer durable stocks were leading losses, down up to a per cent. While, Realty pack was the top gainer. Nifty Bank and IT also held marginal gains.
Among stocks, Godrej Properties rose 2 per cent. The Mumbai-based real-estate major reported a consolidated net profit of Rs 260.47 crore for March quarter on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period.
Britannia Industries was up 4 per cent after the company’s net profit increased 4.3 per cent YoY to Rs 379.9 crore in the March quarter.
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