Sensex above 62k, Nifty above 18,400; Bank Nifty hits record high

16 Nov 2022 , 01:33 PM

The key equity indices continued trading with small gains in the afternoon trade. IT, banks and financial stocks were in demand. On the other hand, metals, realty and healthcare stocks tumbled. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 128.33 points or 0.21% to 62,001.32. The Nifty 50 index added 19.50 points or 0.11% to 18,422.90. The two benchmarks hit fresh 52-week highs on Wednesday at 18,442.15 for Nifty 50 index and 62,052.57 for Sensex. Further, the Nifty Bank index also recorded its fresh record high today at 42,558. In the broader market, the S&P BSE Mid-Cap index shed 0.28% while the S&P BSE Small-Cap index fell 0.01%. The market breadth was positive. On the BSE, 1569 shares rose, and 1866 shares fell. A total of 143 shares were unchanged. Kotak Mahindra Bank (up 2.60%), Coal India (up 0.88%), HDFC Bank (up 0.85%), Dr Reddys Laboratories (up 0.83%) and Eicher Motors (up 0.66%) were top Nifty gainers. Apollo Hospitals Enterprise (down 2.24%), Hindalco Industries (down 1.96%), JSW Steel (down 1.72%), Bajaj Finance (down 1.63%) and NTPC (down 1.51%) were major Nifty losers. Global Markets: Most Asian stocks declined on Wednesday as world leaders gathered in Bali, Indonesia for a second day of the Group of 20 summit. In Europe, U.K. inflation jumped to a 41-year high of 11.1% in October, exceeding expectations as food, transport and energy prices continued to squeeze households and businesses. Meanwhile, a fatal missile strike to a village in NATO-member Poland raised political tensions in the region. Two people were killed after a Russian-made missile fell inside Poland, the countrys foreign ministry said early Wednesday. The ministry said Russia was carrying out a lengthy attack on Ukrainian infrastructure when the missile struck the village of Przewod?w, killing two Polish citizens. U.S. equities advanced on Tuesday, supported by gains in the technology, consumer services and oil & gas sectors. U.S. producer price inflation fell to its lowest in over a year in October. The producer price index rose 0.2% in October. On a year-over-year basis, PPI rose 8% compared to an 8.4% increase in September. Powered by Capital Market – Live News