Rediff.com  » Business » Markets rebound nearly 1% on gains in auto, IT stocks

Markets rebound nearly 1% on gains in auto, IT stocks

Source: PTI
June 23, 2022 16:09 IST
Get Rediff News in your Inbox:

Equity benchmark indices Sensex and Nifty bounced back on Thursday to close higher by nearly 1 per cent on gains in banking, IT and auto shares amid mixed global trends.

Brokers

Photograph: Shailesh Andrade/Reuters

The 30-share BSE Sensex rose by 443.19 points or 0.86 per cent to settle at 52,265.72.

During the day, it rallied 694.26 points or 1.33 per cent to 52,516.79.

The NSE Nifty advanced 143.35 points or 0.93 per cent to 15,556.65.

 

From the Sensex pack, Maruti, M&M, Asian Paints, Bharti Airtel, TCS, Sun Pharma,  Wipro, ICICI Bank and Hindustan Unilever were the major gainers.

On the other hand, Reliance Industries, NTPC, Power Grid and UltraTech Cement were the laggards.

Elsewhere in Asia, stock markets in Hong Kong, Shanghai and Tokyo ended with gains while Seoul settled lower. European markets were trading in the red in mid-session deals.

The US markets ended marginally lower on Wednesday.

"The Indian markets opened on a positive note following Asian market peers which were trading mostly in the green led by China.

"During the afternoon session markets trimmed some of their gains as European markets struggled to shrug-off recession fears but managed to trade in the green," said Narendra Solanki, head- equity research (fundamental), Anand Rathi Shares & Stock Brokers.

The 30-share BSE Sensex tanked 709.54 points or 1.35 per cent to settle at 51,822.53 on Wednesday.

The NSE Nifty fell 225.50 points or 1.44 per cent to end at 15,413.30.

Meanwhile, international oil benchmark Brent crude declined 1.92 per cent to $109.60 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,920.61 crore on Wednesday, as per exchange data.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2022 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!