Market opens in green territory; Nifty above 16,200 points

25 May 2022 , 10:09 AM

Domestic market starts the day in green with marginal uplift in the highly volatile market. Sectoral indices Metal, Bank, and Financial Services sector opened nearly 1% higher followed by Pharma and FMCG with slight gains.

During opening bells, Sensex was trading at 54,331.40 points, up by 278.79 points or 0.52% against its previous close. Nifty traded 71.20 points higher at 16,196.35 points against its previous close.

At around 9.22 AM, BSE Sensex was trading 281 points or 0.52% higher at 54,333.68 points. NSE Nifty added 90 points or 0.56% so far to trade at 16,215.15 points.

IndusInd Bank (+2.83%) emerged as the top gainer with a nearly 3% gain. SBI Life (+2.47%), HDFC Life (+2.13%), Nestle India (+2.11%), and SBI In (+1.62%) joined the rally with nearly 2% increase.

Top laggards were Asian Paints (-2.91%), Adani Ports (-2.45%), followed by Tech Mahindra (-2.01%), HCL Tech (-0.89%), and Tata Motors (-0.83%).

On the sectoral front, Nifty Bank (+1.01%) and financial services (+1.13%) led the chart with over 1% gains. Nifty IT (-1.25%), Media (-0.32%), Metal (-0.37%), and Auto (-0.16%) remained under pressure.

On the global front, US markets had another full of volatility. Dow Jones ended the day on a marginally higher note with an uplift of 48 points or 0.15%.

Asian Indices reflect mixed investor sentiment as all indices lock position in green territory. Shanghai SE (+0.58%), Hang Seng (+0.58%), and Taiwan TSEC (+0.79%) topped the chart, followed by Nikkei (+0.11%).