Indian equity markets in green

14 May 2024 , 12:18 PM

BSE Sensex and NSE Nifty 50 continued their upward momentum from the previous session, propelled by gains in automobile and energy stocks. However, lingering apprehensions regarding the outcome of the ongoing general elections persisted, tempering investor sentiment.

The broader market showcased robust performance, with BSE Midcap advancing by 0.7% and BSE Smallcap surging by 1.4%.

As of 12 pm, Sensex registered a gain of 218.26 points, or 0.30%, reaching 72,994.39, while Nifty climbed by 80.50 points, or 0.36%, to reach 22,184.55. Among the traded stocks, 2,388 witnessed advances, 834 experienced declines, and 103 remained unchanged.

Investors are eagerly anticipating the release of crucial CPI inflation data from the US on May 15, which is expected to provide further insights into the trajectory of interest rates.

In terms of sectoral performance, Nifty Metal emerged as the top gainer, recording a growth of 1.7%, followed by Nifty Realty and Auto, both ascending by 1.5%. Nifty PSU Bank, Consumer durables, and Oil & Gas sectors also contributed positively, each registering a gain of 0.7%. On the other hand, Nifty Pharma experienced a slight decline of 0.35% among the losers.