21 Apr 2022 , 10:05 AM
Furthermore, corporate earnings offset the onslaught of the inflationary pressure amid Russia-Ukraine war.
Notably, US markets saw a mixed trading with Dow Jones gaining 250 points while Nasdaq loses over 1% as profit booking & sharp fall in Netflix weigh on the index. Netflix loses 200k users which is the first drop in the decade resulted to its massive loss of $50 billion in market cap during the trading on Wednesday.
Back at home, at around 09:37 AM, Sensex is trading at 57,379.78 higher by 342.28 points or 0.60%. Nifty 50 was performing at 17,244.40 up 107.85 points or 0.63%.
Nifty 50 gainers were - Coal India and IndusInd Bank surging around 2% each followed by Reliance Industries, Bajaj Finserv and Adani Ports soaring around 1.5% each. Asian Paints, Eicher and Maruti Suzuki gained by 1.2% each.
On the downside, Nifty 50 saw Nestle India in the lead tumbling by 1% followed by Hindalco and Bajaj Auto plunging 0.9%. Stocks like Tata Steel, JSW Steel and Cipla traded lower by 0.6% each.
Companies that are set to announce their March 2022 quarterly result today and will be in focus are - HCL Technologies, Nestle India, ICICI Lombard General Insurance Company, L&T Technology Services, Tata Communications, CRISIL, Cyient, Rallis India, Sasken Technologies, Shiva Cement, Betala Global Securities, Rajratan Global Wire, Roni Households, Shukra Jewellers, S&T Corporation, and Trident Texofab.
In terms of sectoral indices, Nifty Realty outperformed by surging over 1%. Metal stocks witnessed marginal downside. The remaining other indexes were in green.
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