Lagatar24 Desk
Mumbai, Jan 3: On the first trading day of 2022, Indian equity indexes finished higher, powered by increases in banking and auto sectors. On Monday, the 30-share BSE Sensex rose 929 points, or 1.60 percent, to 59,183, while the wider NSE Nifty rose 272 points, or 1.57 percent, to 17,626. From its previous closing, the BSE index jumped over 1,000 points to an intraday high of 59,266.
The Nifty Midcap 100 index increased by 1.33 percent, while the Nifty Smallcap 100 index increased by 1.15 percent.
The National Stock Exchange’s 15 sector indices all ended the day in the green. Nifty Banking, Nifty Financial Services, and Nifty Auto all increased by up to 2.65%.
On a stock-by-stock basis, Coal India was the leading gainer on the Nifty, rising 6.37 percent to Rs.155.35. In December, the state-owned miner recorded a 3.3 percent increase in output.
Eichers Motors, Bajaj Finance, Tata Steel, and ICICI Bank all saw their stock prices rise.
Zomato also gained 2.73 percent after the meal delivery platform said that it had received more than 2 million orders for the first time on Friday.
Cipla, Dr Reddy’s, Mahindra & Mahindra, Divi’s Lab, and Tech Mahindra, on the other hand, plummeted as high as 1.31 percent.
The BSE index saw the greatest increases, with shares of Bajaj Finance, Bajaj Finserv, Tata Steel, ICICI Bank, IndusInd Bank, and Axis Bank jumping as high as 3.50 percent.
On the BSE, the overall market breadth was positive, with 2,689 shares rising and 875 falling.
