MARKET UPDATE:Sensex climbed over 250 points to trade at 60,048 levels, while rose over 50 points to trade above 17,900 levels
Published On: Monday, September 12, 2022 | By: Team KnowMyStock
Opening Bell: Indian markets opened on a positive note today(12 September 2022) amid strong global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,900 levels and the S&P BSE Sensex climbed over 250 points to trade at 60,048 levels. Broader markets, too, were upbeat in trade as Nifty Midcap 100 and Nifty Smallcap 100 rose up to 1 percent. Tech Mahindra, Bajaj Finserv, M&M, Dr. Reddy's, and Infosys were top contributors to the benchmark indices. Meanwhile, Hindustan Unilever, HDFC, Asian Paints, and Kotak Bank weighed on the indices. All sectors opened in a positive territory with Nifty Media and Nifty IT indices leading the pack.
Among individual stocks, shares of Mahindra Lifespace hit 52-week high of Rs 550 per share after the company plans to buy few land parcels in FY23 to build housing projects.
Besides, shares of Titagarh Wagons gained over 3 per cent after the Italian government and UAE-based PE firm bought 44 per cent stake in the company's European arm Firema.
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