MARKET UPDATE: Sensex rose 327 points to 54,077, while Nifty climbed 84 points to 16,110
Published On: Thursday, May 26, 2022 | By: Team KnowMyStock
The Indian key benchmark indices started today’s(26 May 2022) session on a positive note following a rally in US markets overnight. The BSE Sensex rose 327 points to 54,077, while the NSE Nifty climbed 84 points to 16,110. Among the Sensex-30 shares, Tata Steel, ICICI Bank, Wipro, Axis Bank, HDFC Bank, TCS, PowerGrid, IndusInd Bank, HCL Tech, and SBI were the top gainers, gaining up to 1 percent. Hindalco was the additional winner on Nifty, up 1.5 percent. HUL, Bharti Airtel, NTPC, M&M, L&T, BPCL, ONGC, and Apollo Hospitals, meanwhile, were the top losers on the two benchmarks. In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, rising up to 0.4 percent.
Sector-wise, Nifty banks, financials, and IT indices were leading gains, up 1 per cent each. Pharma and media stocks were also firmly higher. FMCG and energy packs, on the other hand, were under pressure.
Among stocks, Deepak Fertilisers extended its rally, gaining over 4 per cent. The company on Wednesday reported a 144.30 per cent jump in consolidated profit after tax (PAT) at Rs 282.91 crore for the quarter ended March 2022.
IndiGo surged over 5 per cent despite posting a loss of Rs 1,681 crore in the quarter ended March 31 (Q4).
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