iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Markets trade higher; Sensex nears 61,800, Nifty 50 around 18,300

23 Nov 2022 , 09:40 AM

Market Up
Indian markets traded in the green led by broad-based buying on Wednesday’s opening bell. Except for PSU Bank and FMCG, all other sectoral indices witnessed upside. The domestic equities followed the positive trend in Asian cues amid major economic developments. However, the tone of the markets back at home is seen as volatile. PSU Bank has underperformed, while auto and banking stocks also witnessed substantial gains. India’s volatility index has nosedived nearly 7.5%.

At around 9:34 AM, Sensex was trading at 61,591.80 higher by 172.84 points or 0.28%. The index was near the day’s high of 61,780.90.

Nifty 50 traded above 59.20 points or 0.28% at 18,294.40. The index was also near the day’s high of 18,325.40.

In terms of sectoral indices, on NSE, the Auto and Banking index soared by over 0.5% each. Metal and IT index climbed over 0.2% each. While the Realty, media and pharma index traded on a muted level but in the green.

Bulls on Nifty were – Hindalco (+1.1%), Kotak Bank, Bajaj Auto, Cipla and Dr Reddy surging around 0.9% each. Stocks like Britannia, Maruti Suzuki, Eicher Motors gained between 0.5-0.7%.

Bears on Nifty were – Apollo Hospitals, ITC, Grasim, NTPC, TCS down between 0.09-0.3%.

On the global front, Asian markets opened in the green led by the Taiwan & South Korean markets as the Japanese ‘Nikkei’ was closed for a holiday with most indices trading in the green.

Overnight, on the wall street, US markets see a big day after three days of losses as Dow Jones ends up 400 points while Nasdaq jumps over 149 points as bulls come roaring back. 

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Asian markets
  • Auto sales
  • auto sector
  • Axis Bank share price
  • BSE live
  • bse sensex
  • f&o expiry
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.