Markets end higher tracking global cues; Nifty settles near 17,500; HDFC Bank, Reliance Industries stocks outperform

9 Feb 2022 , 04:00 PM

Benchmark indices closed higher for the second consecutive session led by HDFC Bank, Reliance Industries, Infosys and ICICI Bank. RBI’s policy announcement will be the key focus on Thursday.

The 30-share BSE Sensex jumped 657 points or 1.14 per cent to settle at 58,466, while the broader NSE Nifty 50 gained 197 points or 1.14 per cent higher to close at 17,464. Mid- and small-cap shares closed on a positive note as Nifty Midcap 100 index jumped 1.14 per cent and small-cap shares moved 0.41 per cent higher.

On the BSE, the overall market breadth stood positive as 1,749 shares advanced while 1,585 declined.

Coal India stock ended 5.5 per cent up and was the top gainer on Nifty50. Maruti Suzuki, IOC, Shree Cement and Hindalco were the top Nifty gainers.

On the other hand, ONGC, BPCL, ITC, SBI Life and Tata Steel were top losers on the Nifty index.

On the sectoral front, Nifty Auto and Nifty Private Bank outperformed the index by gaining as much as 2.19 per cent.

Adani Wilmar shares extended listing gains from Tuesday and settled 20 per cent higher. The stock continued to gain after finishing the listing day at a premium of 17 per cent over the issue price.

On the international front, European stocks jumped on Wednesday led by the technology sector as bond yields continue to ease up.

The Stoxx Europe 600 index rose 1.4% to 47, following a 0.7% gain on Tuesday. The German DAX was up 1.4%, the French CAC 40 climbed 1.5% and the FTSE 100 index was up 0.6%.