MARKET UPDATE:Sensex rose 400 points to 58,198 level and Nifty gained 120 points to reach 17,440
Published On: Wednesday, March 23, 2022 | By: Team KnowMyStock
The Indian benchmark indices opened with strong gains today(23 March 2022), extending yesterday's rally amid firm global cues. The BSE Sensex rose 400 points to 58,198 level, and the NSE Nifty50 gained 120 points to reach 17,440. On the Sensex, Tata Steel, HDFC Bank, Axis Bank, Ultratech Cement, SBI, M&M, Bajaj twins, IndusInd Bank and ICICI Bank were the frontrunners, with gains of up to 2 percent. Hindalco, Dr. Reddy's, SBI Life were the additional top gainers on the Nifty. Meanwhile, ITC, NTPC, and Bharti Airtel, meanwhile, were the only losers on Sensex, up to 1 percent lower. Coal India, Britannia, and BPCL were the top Nifty losers.
The broader markets were also in green, with the BSE MidCap and SmallCap indices advancing up to 0.8 per cent.
Sectorally, Nifty Bank & Financials were leading the upmove in the headline indices and were the top winners. Nifty Pharma, Consumer Durables, and Realty indices also showed strong momentum, with gains of around 1 per cent each.
Among individual stocks, RailTel was up nearly 3 per cent on the BSe. The company has received work order from Rail Vikas Nigam for installation of its MPLS-VPN services for 5 years at various locations of Rail Vikas, for an amount of Rs. 11.57 crore.
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