Thursday, March 23, 2023
HomeStock MarketIndian Stock MarketSensex gains over 400 points, Nifty trades above 17,150

Sensex gains over 400 points, Nifty trades above 17,150

The Sensex and Nifty crept higher on Wednesday, snapping a four-day losing run as February inflation fell to 6.4%.

By 9:35 a.m., the S&P BSE Sensex had risen 417 points to 58,317. The NSE Nifty50, on the other hand, was up 138 points at 17,181.

Asian Paints, Titan, Maruti, L&T, Tata Steel, and IndusInd Bank were the early winners on the 30-share Sensex platform. Just two companies, HUL and Airtel, were in the red.

Individual stocks rose more than 1% after credit rating agency CRISIL confirmed the bank’s financial circumstances as “stable.” Meanwhile, NBCC (India) shares rose more than 3% after the company received a Rs 500 crore work order to build the Government Medical College and Hospital in Karaikal, Puducherry.

The Nifty Midcap 100 and Nifty Smallcap 100 indexes rose up to 1% in the wider market.

Meanwhile, the India VIX volatility index fell more than 6%.

The Nifty Media and Nifty Metal indexes both rose more than 1%.

On Tuesday, the S&P BSE Sensex closed at 57,900, down 338 points. The Nifty50, on the other hand, finished down 111 points at 17,043.

Aryan Jakhar
Aryan Jakhar works as an Editor-in-Chief at The Shining Media. Also, he is an editor at YouthPolitician (digital media situated in Taiwan). He writes his opinions on social issues at YouthKiAwaaz and also on his blogger website.


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