Lagatar24 Desk
Mumbai, Feb 23: Indian market indices began trading in the green today following the lead of their foreign counterparts.
The benchmark BSE Sensex was up 371 points, or 0.65%, to 57,671 at 9:19 a.m., while the broader NSE Nifty was up 110 points, or 0.64 percent, to 17,201.
As investors saw Russian troop moves near Ukraine and first Western penalties as providing room to avert a war, Asian stocks stabilised and demand for safe-haven assets waned a little.
Mid- and small-cap stocks were trading higher in India, with the Nifty Midcap 100 index up 0.96 percent and small-cap stocks up 1.59 percent.
The National Stock Exchange’s 15 sector indices were all in negative territory. The Nifty PSU Bank and Nifty Auto indexes both outperformed the index, advancing 1.10 percent and 0.90 percent, respectively.
On a stock-by-stock basis, the biggest Nifty gainer was Kotak Mahindra Bank, which rose 1.95 percent to Rs. 1,877.65. Among the gainers were Maruti Suzuki India, M&M, Adani Ports, and IndusInd Bank.
ONGC, L&T, Divi’s Lab, Eicher Motors, and Hindustan Unilever, on the other hand, were among the laggards.
On the BSE, the overall market breadth was robust, with 1,955 shares rising and 587 falling.
Kotak Mahindra Bank, M&M, Maruti, IndusInd Bank, SBI, and Bajaj Finance saw the highest increases on the 30-share BSE platform, with their shares up as much as 2.12%.
On Tuesday, the Sensex fell 383 points, or 0.66 percent, to settle at 57,301, while the Nifty fell 114 points, or 0.67 percent, to 17,092.
