Markets on a bull run; Sensex climbs over 600 pts, Nifty 50 around 18,000-levels

26 Dec 2022 , 02:00 AM

Domestic benchmark indices on a bull run during afternoon market session after a flat start on Monday. Investor’s sentiment was lifted by US consumer prices surged less than expected in November month.

On the sectoral front, Nifty Auto, Banking, Metals index outperforming by rising around 2% each with IT, FMCG, Consumer goods and oil & gas index surging over 1% each. Meanwhile, pharma stocks logged selling pressure from the investors. However, PSU Banks topped the sectoral chart by climbing over 5.5% on Nifty.

At around 2:00 PM, Sensex was trading at 60,525.28 higher by 679.99 points or 1.14%. Nifty 50 traded at 17,999.40 higher 192.60 points or 1.08%

Top Bulls on Nifty are IndusInd Bank (+3.6%), Hindalco (+3.2%), SBI (+3%) supported by Bajaj Finserv (+2.6%) and Ultratech Cement (+2.5%). Meanwhile, top losers on Nifty are Divis Lab (-1.6%), Dr Reddy’s and Cipla (-1.27%) each, Kotak Bank (-1.2%), Nestle (-0.6%).

Furthermore, Tata Motors stocks surged 2% as the EV market leader’s subsidiary entered into an agreement with Delhi Transport Corporation (DTC) to supply, operate and maintain 1,500 electric buses in the capital of 12 years.

For feedback and suggestions, write to us at [e-mail]