MARKET UPDATE:Sensex up 696 points at 57,876 and Nifty at 17,316, higher by 214 points
Published On: Monday, January 31, 2022 | By: Team KnowMyStock
The Indian 8benchmark indices started higher today(31st February 2022) with support from positive global markets and on the back of broad-based buying. The BSE Sensex was up 696 points at 57,876 and the NSE Nifty was at 17,316, higher by 214 points. Among Sensex shares, Asian Paints, Infosys, Wipro, IndusInd Bank, Tata Steel, Bajaj twins, Infosys, Tech M, HCL Tech, Ultratech Cement, Dr. Reddy's, Titan, and SBI were the top gainers, up between 1.5-3 percent. On the Nifty, ONGC, Divis Labs, Britannia, BPCL, and UPL were the additional gainers. On the flip side, IndusInd Bank, L&T, Coal India, and NTPC were the sole losers on the bourses. In the broader markets, the BSE Midcap and SmallCap indices were in the green, up 1.3 and 1.4 percent, respectively.
Sectorally, all Nifty indices were also in the positive territory, led by Nifty Realty and IT indices, up over 2 per cent each. These were followed by Auto, PSU banks, Consumer Durables and Oil & Gas indices, all up 1 per cent each.
Among individual stocks, NIIT was among the top gainers on the BSE, up 7 per cent on the back of strong Q3 results announced on Friday. The company reported a 32 per cent jump in net profit to Rs 55 crore for the December quarter, and said its Corporate Learning Group (CLG) and Skills and Careers Group (SNC) businesses will be reorganised as separate publicly listed companies. Its revenues grew 51 per cent to Rs 383.6 crore from the year-ago period.
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