Sensex resumes upward march, closes 222 pts higher; Nifty ends above 15,150

Domestic equity markets returned to winning ways on Thursday. S&P BSE Sensex closed 222 points higher at 51,531 while the broader 50-stock NSE Nifty ended at 15,173. Reliance Industries was the top Sensex gainer, jumping 4%. This was followed by Sun Pharma, Power Grid, and Bajaj Finance. Titan and Larsen & Toubro were the top indexes drags. Nifty PSU Bank, Nifty Financial Services, Nifty Auto, and Nifty Realty were the only indices to close with losses. India VIX or the fear gauge of domestic stock markets closed 3.88% lower at 23.

Opening Bell: Sensex opened flat with negative bias but soon slipped further into the red. Nifty 50 has given up 15,100 on the opening bell.

Closing Bell: Sensex and Nifty back in black. Benchmark indices resumed their upward trajectory as they closed with gains on Thursday. Sensex jumped 222 points while Nifty 50 closed above 15,150.

Led by the gains in Reliance Industries Ltd and HDFC Ltd, the Indian equities halted a two-day losing streak on Tuesday, 11 February. S&P BSE Sensex rose 0.58% to close at 41,216.14 and the NSE Nifty 50 rose 0.63% to end at 12,107.90. The broader markets represented by the NSE Nifty 500 Index rose 0.42%. The market breadth, however, was tilted in favour of sellers.

About 962 stocks declined and 801 shares advanced on National Stock Exchange. Nine out of 11 sectoral gauges compiled by the NSE ended higher, led by the NSE Nifty Media Index’s 1.63% gain. Halting their two-day losing streak, Indian equity indices opened higher on Tuesday, 11 February, with S&P BSE Sensex rising 0.77% to 41,290 and the NSE Nifty 50 rising 0.78% to 12,126.55. The broader markets represented by the NSE Nifty 500 Index rose by 0.76%. Meanwhile, the Indian rupee opened higher against the US dollar, with the home currency appreciating as much as 0.09% to 71.23 against the greenback.

Today’s market highlights:

  • Infibeam Avenues announces a bonus issue in the ratio of 1:1

  • Coal India Q3 consolidated net profit falls 21.4% YoY at Rs 3,085.4 crores

  • L&T Construction awarded contracts for its transportation infrastructure business

  • Nifty PSU Bank index falls 1% dragged by the Bank of Baroda, Bank of India, Canara Bank

  • ABB India gets robotics & automation solutions order from Ola

  • Indian automakers’ profitability to Weaken after strong 3QFY21: Fitch Rating

  • MRF Q3 net profit up 115% YoY at Rs 520.5 crores
  • Glenmark Pharma receives ANDA approval for Clindamycin Phosphate Gel
  • Titan slips 2% after the company reported an 11% decline in Q3 profit
  • RailTel Corporation of India to open IPO on February 16
  • Titan Q3 profit falls 11% to Rs 419 crores
  • Indian rupee opens marginally higher at 72.81 per dollar
  • Magma Fincorp gains 9% on news of Rising Sun Holdings will acquire majority stake
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