Markets end bullish; Auto, FMCG, financial sectors outshine

10 Mar 2022 , 03:34 PM

Domestic benchmark indices end on bullish note on Thursday led by broader positive markets. The stock markets witnessed a strong recovery after a massive bloodbath as Russia-Ukraine tension softens a little. The state-election results also acted as a tailwind for investors appetite.

The Nifty and the Sensex settled at 16,594.90 higher by 1.53% and 55,464.39 higher  by 1.5% respectively.

Nifty and Sensex increased over 2.5% with the broader markets outperforming the main indices.

All sectoral indices ended in green where the Auto, FMCG, PSU Banks and realty sectors added over 2% each. Nifty Metals rebounded from early losses and ended in the green adding 2% to the Nifty benchmark.

Hindustan Unilever, Tata Steel, Grasim, SBI and JSW Steel gained the most whereas Coal India, Tech Mahindra, Dr Reddys, ONGC and TCS were among the top losers on Nifty50.

Furthermore, markets performance likely to remain volatile for next session till the Fed meeting as US inflations numbers will be announced later today.