MARKET UPDATE:Sensex fell 150 points to 57,142 while Nifty at 17,087, lower by 30 points
Published On: Tuesday, March 22, 2022 | By: Team KnowMyStock
The key benchmark indices opened lower today(22 march 2022) as global sentiment remained subdued amid a sharp rally in oil prices again. The BSE Sensex fell 150 points to 57,142 while the NSE Nifty was at 17,087, lower by 30 points. Among the Sensex-30 shares, Tata Steel, Wipro, TCS, Tech M, HCL Tech, Dr. Reddy's were among the handful of top gainers, up to 2 percent higher. ONGC, Indian Oil, Hindalco, BPCL, Coal India, JSW Steel were the additional top gainers on the Nifty. Meanwhile, HUL, Neslte, Ultractech Cement, Asian Paints, Axis Bank, IndusInd Bank, HDFC twins, Britannia, and Grasim were the top laggards on the bourses. In the broader markets, the BSE MidCap and SmallCap indices were mixed with the former down by 0.2 percent, and the latter in green with equal gains.
Sectorally, Nifty Bank, Auto FMCG, financials, Realty were all in red with losses between 0.5-1 per cent. On the other hand, Oil & Gas, IT and Metal indices were putting up a strong show, trading up to 1.5 per cent.
Among stocks, oil companies held strong gains as crude oil is hovering around highs of $120 a barrel, while state oil retailers have also hiked petrol and diesel prices from today, which is supporting the upmove. ONGC, Oil India, Hind Petroleum, BPCL, Indian Oil, Adani Total Gas were up between 1-4 per cent.
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