Markets trade positive; Sensex climbs 230 pts, Nifty 50 above 18k

15 Sep 2022 , 09:19 AM

Indian markets traded on a positive tone on Thursday led by broad-based buying with all stocks in the green. The domestic equities rallied despite mixed global cues. Among the sectors, auto, financials and power inched higher while the midcap and smallcap indices added over half a percent each.

In the early openings, Sensex hit an intraday high of 60,676.12, while Nifty 50 rose to at least the day’s high of 18,092.35.

Both the benchmarks were trading near the record levels ahead of festive season.

At around 09.50 AM, Sensex was performing at 60,581.23 up 234.26 points or 0.39%. Nifty 50 traded at 18,078.20 higher by 74.45  points or 0.41%.

On NSE, the Bank Nifty surged more than 380 points followed by auto, financials, power and consumer durables stocks.

Top gainers on Nifty were – Kotak Bank and Adani Ports led by the bull charge surging by 1.5% each. Maruti Suzuki, SBI Life and M&M jumped 1% each, while Eicher Motors, SBIN, NTPC, ONGC also climbed nearly 1% each.

Stocks like Tata Motors, Power Grid, HUL, UPL also contributed substantially to the upside.

Only bears on Nifty were – Hindalco, IndusInd Bank, Hero MotoCorp, Infosys and Tata Steel were in the downside however at a slower pace.

On the global front, overnight US markets saw a flat day as markets are divided now on the possibility of 100 basis points rate hike by the Federal Reserve next week.

Asian markets opened muted with the Japanese ‘Nikkei’ trading higher by 100 point while most other indices trading flat.

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