MARKET UPDATE:Sensex testing the 58,000-mark,up over 100 points and the Nifty50 nearky 30 points higher, at 17,272
Published On: Wednesday, December 29, 2021 | By: Team KnowMyStock
The Indian benchmark indices continued to inch up and held onto mild gains today (29th December 2021). The BSE Sensex was testing the 58,000-mark and was up over 100 points, while the NSE Nifty 50 was nearly 30 points higher, at 17,272. The broader market was a bit higher than the frontline indices. The BSE MidCap and SmallCap indices were trading 0.4 and 0.7 percent higher, respectively. Among stocks, Amara Raja Batteries was up 1 percent after the company, as part of its strategic initiatives to venture into the new-energy business and EV batteries agreed to invest up to Euro 10 million by way of equity and convertible bonds in InBot Auto AS, Oslo Norway.
Further, private banks continued to trade higher, with IndusInd Bank, ICICI Bank, Bajaj twins, Axis Bank, Kotak Bank being the major gainers among the Sensex-30 constituents.
Among sectors, the shares of pharmaceutical companies were trading firm, with Nifty Pharma index gaining nearly 1 per cent on the National Stock Exchange (NSE), on expectation of improved outlook.
Metals remained the worst hit, being the only sector in red on the NSE. IT, Auto, FMCG and Oil and Gas also remained weak, up only marginally.
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