MARKET UPDATE: Sensex rose 568 points to 53,109, while Nifty at 15,860, higher by 170 points
Published On: Thursday, June 16, 2022 | By: Team KnowMyStock
The markets in India opened with strong gains today(16 June 2022) after global equities cheered the 75 bps rate hike by the US Fed overnight. The BSE Sensex rose 568 points to 53,109, while the NSE Nifty was at 15,860, higher by 170 points. Among the Sensex-30 shares, Reliance, Bajaj twins, ICICI Bank, IndusInd Bank, Maruti, SBI, Titan, and Axis Bank led gains, rising up to 2 percent. BPCL, Tata Motors, and Coal India were the additional winners on the Nifty. On the flipside, PowerGrid, Nestle, Dr. Reddy's, HUL, Bharti Airtel, and ONGC were the handful of losers on the two benchmarks.
In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, up to 1 per cent higher.
Sector-wise, all indices sat in green with notable gains. Nifty financials, PSBs, banks, auto realty, consumer durables and oil & gas pockets led gains, up around a per cent each.
Among stocks, GE Power India gained over 2 per cent after the company's arm GE Energy Financial Services acquired a 49 per cent stake in Continuum Green Energy's 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum. Mahindra Lifespaces also rose 2 per cent after the company’s wholly owned subsidiary, Mahindra Bloomdale Developers launched its second residential project ‘Mahindra Nestalgia’ in Pune.
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