The equity markets commenced on a positive note with benchmarks Sensex surged 300 points and Nifty 50 rising to near 15,500-level. A broad-based buying was recorded across sectoral indices in Indian markets with banking, auto, IT, metal stocks outperforming. The domestic equities performance comes as a distinct trend in the market now is the weakness in the broader markets however, cautious tone is still prevailing amongst the investors considering US inflation, global inflation pressure.
At around 9:46 AM, Sensex is trading at 51,967.29 up by 369.45 points or 0.72%. The index is trading near the day’s high of 52,036.32.
Meantime, Nifty 50 was performing at 15,463 higher by 112.85 points or 0.74%. The index has climbed to the day’s high of 15,482.85.
Gainers on Nifty 50 are – Hindalco surging over 2.7% followed by ONGC higher by 2.2% and Coal India advancing by 2%. Tata Motors, Eicher Motors zoomed over 1.9% each.
On the downside, on Nifty 50, Hindustan Unilever dipped by nearly 0.5% followed by Ultra Cement, Asian Paints, Kotak Bank were marginally down.
Bank Nifty contributed to the gains, by strengthening over 200 points. Nifty Auto, IT and metal stocks jumped by nearly 1%.
On the global front, Asian indices opened with strong gains led by the Japanese ‘Nikkei” as oversold markets saw strong rebound. The Japanese index was trading higher by over 400 points followed by gains in Taiwan.
IIFL Customer Care Number 
IIFL Capital Services Support WhatsApp Number
