Markets trade higher on broad-based buying; Sensex nears 57,500, Nifty above 17,140; Consumer Durables outperform; Kotak Bank, Titan top bulls

23 Feb 2022 , 10:42 AM

Indian markets were on a positive note during Wednesday’s early trade despite mixed sentiments in Asian markets as the focus continues to be on the development of the Russia-Ukraine conflict. Benchmarks Sensex and Nifty 50 rallied as all sectoral indices traded in the upward direction. It is expected that volatility in domestic equities will continue ahead of the monthly F&O contracts expiry tomorrow.

At around 10.52 am, Sensex was trading at 57,478.20 up 177.52 points or 0.31%. The benchmark has touched an intraday high of 57,733.37 and 57,398.74.

Nifty 50 performed at 17,142.90 higher by 50.70 points or 0.3%. The benchmark has clocked the day’s high and low of 17,220.70 and 17,120.

Kotak Bank (+3%), Titan (+2%), Asian Paint, Maruti, Bajaj Finance and IndusInd Bank top bulls on Sensex.

HUL, Axis Bank, Nestle, L&T, ICICI Bank were top bears on Sensex.

In broader markets, MidCap and SmallCap indexes on BSE outperformed surging by 260 points and 390 points respectively.

In terms of sectoral indices, on BSE, the Consumer Durables index was the top performer with over 715 gains. Healthcare, auto, Bankex and capital goods also contributed substantially to the upside. All sectoral indices were trading higher.