MARKET UPDATE:BSE Sensex up 343 points 60,960, and NSE Nifty nearly 100 points higher at 18,154
Published On: Wednesday, January 12, 2022 | By: Team KnowMyStock
The Indian benchmark indices were firm in early morning deals today(12th January 2022) holding their opening gains on the back of buying in heavyweight RIL, private lender HDFC and select banking counters such as ICICI Bank, Kotak Bank, and SBI. All of these were up between 0.9-1.6 percent. The BSE Sensex was up 343 points 60,960, after reclaiming the 61,000 mark at open. The NSE Nifty was nearly 100 points higher at 18,154. The BSE MidCap and SmallCap indices too were firmly positive and were up 0.7 and 0.8 percent, respectively. Sectorally, on the NSE, the Realty index was the leading gainer, up nearly 3 percent, followed by metals, energy, and PSU Banks.
On the flip side, IT and Pharma indices were largely muted, down 0.1 per cent each. IT majors TCS, Wipro, and HCL Tech were trading lower up to 0.7 per cent, except Infosys, which was up 0.6 per cent.
Among stocks, the shares of Tata Teleservices (Maharashtra) were locked at the 5 per cent lower circuit at Rs 276.50 on the BSE after the company decided to convert interest related to adjusted gross revenue (AGR) dues of Rs 850 crore into equity.
The government will hold approx. 9.5 per cent stake as per company’s estimates. In October, the company had decided to opt for deferment of these dues.
Tags: Indian benchmark indices firm buying in heavweight RIL HDFC ICICI Bank Kotak Bank SBI BSE MidCap and SmallCap firmly positive
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