Sensex surges 403 pts; Nifty tops 18,600; PSU Bank index leaps 4%, IT 1%
CLOSING BELL: IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index
Topics MARKET LIVE | MARKET WRAP | stock market trading
SI Reporter | New Delhi
Last Updated at December 13, 2022 16:24 IST
EVENT HIGHLIGHTS
CLOSING BELL
Stock market highlights: Snapping their two-day losing streak, equity markets rose on Wednesday as weaker-than-expected retail inflation and weak industrial production data gave investors hope that the Reserve Bank of India (RBI) may go slow on interest rate hikes going forward.
Stock market highlights: Snapping their two-day losing streak, equity markets rose on Wednesday as weaker-than-expected retail inflation and weak industrial production data gave investors hope that the Reserve Bank of India (RBI) may go slow on interest rate hikes going forward.
The S&P BSE Sensex gained 403 points, or 0.65 per cent, to settle at 62,533, while the Nifty50 shut shop at 18,608, up 111 points or 0.6 per cent.
IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index. HUL, Nestle India, Titan, Tata Steel, and Maruti Suzuki, meanwhile, were the laggards.
In the broader markets, the BSE MidCap and SmallCap indices gained 0.25 per cent and 0.4 per cent, respectively.
Among sectors, the Nifty PSU Bank index jumped 3.9 per cent, followed by the Nifty IT index (up 1.2 per cent). On the downside, the Nifty Realty index fell 0.7 per cent.
IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index. HUL, Nestle India, Titan, Tata Steel, and Maruti Suzuki, meanwhile, were the laggards.
In the broader markets, the BSE MidCap and SmallCap indices gained 0.25 per cent and 0.4 per cent, respectively.
Among sectors, the Nifty PSU Bank index jumped 3.9 per cent, followed by the Nifty IT index (up 1.2 per cent). On the downside, the Nifty Realty index fell 0.7 per cent.
CATCH ALL THE LIVE UPDATES
Auto Refresh