MARKET UPDATE:Sensex rose over 150 points to 55,500 levels, while Nifty above the 16,600 level, up around 60 points
Published On: Friday, March 11, 2022 | By: Team KnowMyStock
The Indian benchmark indices started lower today(11 March 2022) with the Sensex falling 300 points at open in line with weak global cues due to the US registering a 40-year high CPI level in February. But, the markets soon reversed losses to slip into the green zone. The BSE Sensex smartly rose over 150 points to 55,500 levels, while the NSE Nifty50 index was above the 16,600 level, up around 60 points. Among the Sensex-30 shares, Tata Steel, Axis Bank, Sun Pharma, Bajaj Twins, and HDFC Bank were the top gainers now. Maruti, Nestle, Infosys, Wipro, HCL Tech, meanwhile, were the top losers.
The broader markets also recovered from opening losses. The BSE MidCap and SmallCap indices were now trading up to 0.9 per cent higher.
Sectorally, Nifty Auto, FMCG, and IT were the top laggards. On the flip side, Nifty Metals was the top performer, up over a per cent. PSU Banks, Realty and Media indices were other notable gainers.
Among stocks, HP Adhesives was up over 3 per cent. The company has been granted Consent to Operate by Maharashtra Pollution Control Board for expansion for existing unit as well as a new manufacturing unit.
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