On BSE, overall market breadth was strong as 1,955 stocks were rising while 587 were falling.
new Delhi: Indian equity indices started trading in the green on Wednesday taking cues from their global peers. As of 9:19 am, the benchmark BSE Sensex rose 371 points, or 0.65 per cent, to 57,671; While the broader NSE Nifty rose 110 points, or 0.64 per cent, to 17,201. Asian stocks rose and demand for safe havens eased slightly as investors viewed Russian military activities near Ukraine and early Western sanctions leaving room to avoid war.
Back home, mid-cap and small-cap stocks were trading on a positive note as the Nifty Midcap 100 index rose 0.96 per cent and small-cap stocks by 1.59 per cent.
All 15 sector gauges – compiled by the National Stock Exchange – were trading in the red. Nifty PSUs Bank and Nifty Auto were underperforming in the index, rising 1.10 per cent and 0.90 per cent, respectively.
On the stock-specific front, Kotak Mahindra Bank was the top gainer in Nifty as the stock rose 1.95 per cent to Rs 1,877.65. Maruti Suzuki India, Mahindra & Mahindra, Adani Ports and IndusInd Bank were also gainers.
In contrast, ONGC, L&T, Divi’s Lab, Eicher Motors and Hindustan Unilever were among the laggards.
On BSE, overall market breadth was strong as 1,955 stocks were rising while 587 were falling.
Kotak Mahindra Bank, Mahindra & Mahindra, Maruti, IndusInd Bank, SBI and Bajaj Finance were the top gainers on BSE’s 30-share platform, rising 2.12 per cent in their shares.
On Tuesday, the Sensex had closed 383 points or 0.66 per cent lower at 57,301; While the Nifty closed at 17,092, down 114 points or 0.67 per cent.
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