MARKET UPDATE: Sensex up 401 points at 57,438 levels, while Nifty at 17,242, up 105 points
Published On: Thursday, April 21, 2022 | By: Team KnowMyStock
The Indian benchmark indices clocked decent gains in early deals today(21 April 2022) as domestic markets looked to stabilise after the recent rout, supported by firm global cues. The benchmark indices on the BSE were up 401 points, or 0.7 percent, at 57,438 levels, while the 50-pack index on the NSE was at 17,242, up 105 points or 0.62 percent. Shares of Reliance Industries hit fresh record high of Rs 2,775, up 2 percent, on the BSE after global brokerage Morgan Stanley said in an April 20 report that heightened awareness of energy security is creating new and bigger markets for solar panels and electrolyzers, which not only inflects RIL's new energy ROCE but will also help fund this growth. The brokerage has set a 1-year target price at Rs 3,253.
IndusInd Bank, Bajaj twins, Dr Reddy's Labs, Asian Paints, and ITC were the other top gainers on the Sensex index, up between 0.8 and 1.8 per cent.
On the flipside, Nestle India, Tata Steel, HCL Tech, Tech M, and Axis Bank were the only losers, down up to 1.5 per cent.
The BSE MidCap and Smallcap indices advanced 0.8 per cent and 1.12 per cent, respectively.
Among individual stocks, Angel One zoomed over 7 per cent after the brokerage firm's consolidated net profit surged 100.85 per cent to Rs 204.69 crore in Q4FY22.
That apart, shares of Ajanta Soya were locked in the 5 per cent upper circuit band after the Board on Wednesday approved a stock split in the ratio of 5:1.
Sectorally, the Nifty Metal index was the only loser, down half a per cent. On the upside, the Nifty Realty and PSB indices were the top gainers, up 1.3 per cent and 1 per cent, respectively.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
