Markets trade higher; Sensex surges over 500 pts; Nifty above 17,400; Bajaj Auto, Maruti top gainers

9 Feb 2022 , 09:54 AM

Equity benchmark indices extended morning trades on Wednesday amid buying interest seen in all sectors and also positive global cues.

As of 9:48 AM, the benchmark BSE Sensex rose 558.68 points or 0.97 per cent to 58,367.26, while the broader NSE Nifty surged 163.90 points or 0.95 per cent higher to 17,430.65. Mid- and small-cap shares were in the green as Nifty Midcap 100 index was up 0.76 per cent and small-cap shares were trading 0.89 per cent higher.

Bajaj Auto, Maruti, IOC, HCL Tech and Adani Ports are among the top Nifty gainers, whereas NTPC, Airtel and BPCL dipped marginally at this hour.

On the international front, Asian markets opened in the green led by the Japanese ‘Nikkei’ which was up over 200 points in early trade. Expect a strong day for Chinese stocks as data from manufacturing beats expectations with Taiwan & South Korean markets seeing buying in semiconductor Companies.

US markets see a day of superb gains as all indices close in the green led by the Nasdaq. Dow Jones jumps nearly 400 points, while Nasdaq closes higher by over 178 points or 1.28%. However, the Russell 2000 index closes higher by 1.78% as money sees rotation into midcaps where valuations become attractive. Bond yields close to @1.94% while the US$ index closes near 95.59, with oil prices seeing a sharp decline.