MARKET UPDATE: Sensex rose 500 points to 53,300 and Nifty was above 15,900, up 150 points
Published On: Monday, May 16, 2022 | By: Team KnowMyStock
The Indian key benchmark indices were higher in today's(16 May 2022) early trade amid broad-based buying. The BSE Sensex rose 500 points to 53,300 and the NSE Nifty50 was above 15,900, up 150 points. Reliance, ICICI Bank, HDFC twins, and SBI led the upmove. The broader markets were also buoyant. The BSE MidCap and SmallCap indices were up to 1 percent higher.
Sectorally, Metals, Auto, Realty, Energy and PSBs gained the most on Nifty, up 1-2 per cent. On the flip side, Pharma, FMCG and IT pockets were weak.
Shares of Ambuja Cement and ACC rallied up to 6 per cent on the BSE after the Adani Group announced the acquisition of Swiss cement major Holcim's stake in all its Indian operating entities for $10.5 billion (around Rs 81,361 crore), including the open offers.
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