Indian markets inch upward; broader market outperforms

23 Apr 2024 , 12:57 PM

Indian benchmark indices saw an uptick on Monday, tracking gains in other Asian markets, as investor focus shifted to corporate results for the quarter ending March 31, 2024.

At the time of reporting, the Sensex rose by 197.60 points or 0.27% to 73,846, while the Nifty increased by 59.55 points or 0.27% to 22,396. The broader market outperformed the benchmark indices, with the BSE SmallCap index gaining 0.91% and the BSE MidCap index rising 0.46%.

Among the Nifty 50 stocks, 17 experienced declines, with Sun Pharma, Mahindra & Mahindra, Reliance Industries, Hindalco, and HDFC Life leading the losses. Conversely, Bharti Airtel, Grasim Industries, HCLTech, NTPC, and Tata Motors emerged as the top gainers.

Nine out of the 30 stocks on the Sensex closed in negative territory, with Sun Pharma, Mahindra & Mahindra, Reliance Industries, Larsen & Toubro, and Tech Mahindra leading the losses. Conversely, Bharti Airtel, HCL Tech, Tata Motors, NTPC, and SBI were the top gainers.

According to provisional data from the NSE, Foreign Institutional Investors (FIIs) sold shares worth ₹2,915.23 Crore, while Domestic Institutional Investors (DIIs) bought stocks worth ₹3,542.93 Crore on April 22.

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