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Home Business & Corporates

Sensex, Nifty on positive track amid volatile trade; bank, financial stocks gain

Lagatar News by Lagatar News
January 5, 2022
in Business & Corporates
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Lagatar24 Desk

Mumbai, Jan 5: The Indian equities indexes rose in afternoon trade on Wednesday, despite a highly tumultuous trading session. The 30-share BSE Sensex rose 208 points, or 0.35 percent, to 60,064 points, while the wider NSE Nifty gained 62 points, or 0.35 percent, to 17,867 points.

Mid- and small-cap stocks were trading in a mixed bag, with the Nifty Midcap 100 index up 0.27 percent and small-cap stocks down 0.10 percent.

On a stock-by-stock basis, Bajaj Finserv was the highest Nifty gainer, rising 4.99 percent to Rs.17,989.80. Among the gainers were Bajaj Finance, Kotak Mahindra Bank, JSW Steel, and Indian Oil.

Tech Mahindra, Wipro, HCL Tech, and TCS, on the other hand, were among the losers.

On the BSE, the overall market breadth was positive, with 1,833 shares advancing and 1,481 decreasing.

Axis Bank, ICICI Bank, HDFC Bank, Asian Paints, and Mahindra & Mahindra drew the highest gains on the 30-share BSE platform, with their shares gaining as much as 2.97 percent in afternoon session.

The laggards included NTPC, Sun Pharma, Reliance Industries, and PowerGrid.

On Tuesday, the benchmark BSE Sensex rose 673 points, or 1.14 percent, to 59,856, while the broader NSE Nifty rose 180 points, or 1.02 percent, to 17,805.

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