MARKET UPDATE:Sensex 201 points higher at 57,822, while Nifty at 17,288, up by 74 points
Published On: Tuesday, February 8, 2022 | By: Team KnowMyStock
The Indian benchmark indices opened on a fairly positive note today(8th February 2022) after a day of huge sell-off. The BSE Sensex was 201 points higher at 57,822, while the NSE Nifty was at 17,288, up by 74 points. In the broader market, the BSE MidCap and SmallCap indices were also in green and were up to 0.49 percent higher. The top Sensex gainers were Maruti, Titan, Tata Steel, Dr. Reddy's, Bajaj Finserv, Reliance, Wipro, Sun Pharma, and Bharti Airtel, trading up to 2 percent higher. Hindalco, Eicher Motors, JSW Steel, and Cipla were the additional gainers on the Nifty. On the flip side, PowerGrid, SBI, NTPC, HDFC, L&T, IndusInd Bank, TCS, Nestle, Infosys, Tata Consumer, and Britannia were the top losers.
Sectorally, the Nifty Auto, Metal and Pharma indices were the top gainers, trading up to 0.7 per cent higher. On the downside, Nifty PSU Bank and Nifty Bank indices were the losers.
Among stocks, PolicyBazaar parent PB Fintech was trading 2.6 per cent lower after the company posted yoy revenue growth of 73 per cent to Rs 367 crore in the quarter ended December 2021. Investors, however, seem unimpressed with its performace.
On the flip side, TVS Motor was up 3 per cent on the BSE after the two-wheeler maker posted a 9 per cent YoY rise in net profit for Q3FY22 at Rs 288 crore when compared with Rs 266 crore in the corresponding quarter of FY21. The company also reported a highest-ever operating revenue of Rs 5,706 crore in the third quarter of FY22.
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