Indian markets opened on a mixed note following mixed Asian market cues, said Narendra Solanki, Head- Equity Research (Fundamentals), Anand Rathi, as investors saw Bank of Korea hike rates with resurgence of COVID-19 cases in Europe. digested it.
Highlight
- The 30-share index ended 454.10 points or 0.78 per cent higher at 58,795.09.
- Reliance Industries was the top gainer in the Sensex pack, rising over 6 per cent followed by ITC.
- Meanwhile, international oil benchmark Brent crude slipped 0.38 per cent to $81.94 a barrel.
Equity benchmark Sensex fell 454 points on Thursday on gains in index heavyweight Reliance Industries amid a positive trend in global markets.
The 30-share index ended 454.10 points or 0.78 per cent higher at 58,795.09. Similarly, the NSE Nifty closed at 17,536.25, up 121.20 points or 0.70 per cent.
Reliance Industries was the top gainer in the Sensex pack, rising over 6 per cent, followed by ITC, Infosys, Tech Mahindra, Titan, Bharti Airtel and PowerGrid. On the other hand, Maruti, ICICI Bank, IndusInd Bank, HUL and L&T were among the laggards.
Indian markets opened on a mixed note following mixed Asian market cues, said Narendra Solanki, Head- Equity Research (Fundamentals), Anand Rathi, as investors saw Bank of Korea hike rates with resurgence of COVID-19 cases in Europe. digested it.
“Markets corrected during the afternoon session and gained momentum to enter green zones. Moody’s expects India’s economic growth to return strongly, with GDP growth of 9.3 per cent and 7.9 per cent in fiscal year 2022 ( ended 31 March 2022) and fiscal year 2023, respectively,” he said.
Elsewhere in Asia, shares in Hong Kong and Tokyo ended higher, while Shanghai and Seoul were in the red. Stock exchanges in Europe were trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude slipped 0.38 per cent to $81.94 a barrel.
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