The Indian benchmark indices extended opening gains and were rallying 0.5 percent higher today(4th January 2022). The BSE Sensex was 332 points up at 59,515 and the NSE Nifty was at 17,714, higher by 90 points.
Energy majors NTPC and PowerGrid were the top gainers on the Sensex, up over 3 percent each, followed by banking stocks such as Axis Bank, SBI Bank, ICICI Bank, and heavyweight Reliance Industries.
On the flip side, IT stocks Infosys, Wipro, and HCL Technology were down between 0.6-0.8 percent. Pharma stocks Sun Pharma and Dr. Reddy's were also in the red zone.
Meanwhile, the broader market was also positive. The BSE MidCap and SmallCap indices were up 0.1 and 0.3 percent, respectively.
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