MARKET UPDATE:Sensex rose 250 points to 55,916, and the Nifty gained 72 points to 16,677
Published On: Friday, July 22, 2022 | By: Team KnowMyStock
Opening Bell: Indian markets opened higher today(22 July 2022) tracking strength in global markets. The BSE Sensex rose 250 points to 55,916, and the NSE Nifty50 gained 72 points to 16,677. Ultratech Cement, Tata Steel, Nestle, Tech M, M&M, Kotak Bank, Asian Paints, SBI, and HDFC were the top winners on the Sensex. UPL, Eicher Motors, and Adani Ports were the additional gainers on the Nifty. Infosys, IndusInd Bank, L&T, Bajaj Finance, Divis Labs, and ONGC were the top index losers.
The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.5 percent higher. Nifty Auto and PSBs were the top sectoral winners, up to 1 percent higher. Banks and financials were other firm gainers.
Among stocks, Cyient fell 2 percent. The company’s Q1 PAT was up marginally at Rs 116.10 crore as against Rs 115 crore in Q1FY22.
GSFC soared over 8 percent. The company’s Q1FY23 net profit more-than-doubled to Rs 355.83 crore when compared with Rs 137.76 crore in Q1FY22.
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