Closing Bell: Indian market ends positively for the third day in a row, Nifty scales 17700

Closing Bell: Indian market ends positively for the third day in a row, Nifty scales 17700

by 5paisa Research Team Last Updated: 2022-04-04T13:13:15+05:30

Domestic benchmark indices Sensex and Nifty advanced on Wednesday, tracking a positive rise in US stocks and riding on Budget 2022 sentiments that met Street expectations.

India's domestic equity benchmark closed higher for the third straight session on February 2 led by gains in financial and banking stocks.

To put numbers in perspective, investors' wealth zoomed nearly Rs 9.68 lakh crore in just three straight days amid heavy buying interest. Both the benchmarks (BSE and NSE) have climbed nearly 1.5 per cent each after the Union Budget 2022-23 presentation unveiled increased spending to Rs 39.45 lakh crore in the coming fiscal year to build public infrastructure and drive economic growth.

At the closing bell today, the Sensex was up 695.76 points or 1.18% at 59,558.33, and the Nifty was up 203.20 points or 1.16% at 17,780. The market breadth remained positive with 2243 shares having advanced, 1038 shares declining, and 90 shares being unchanged.

Top Nifty gainers of the day were IndusInd Bank, Bajaj Finserv, HCL Technologies, Bajaj Finance and HDFC Life. Top losers included Tech Mahindra, Britannia Industries, UltraTech Cement, Hero MotoCorp and Nestle India.

All the sectoral indices ended in the green with bank, realty, pharma, FMCG, IT and PSU Bank indices closing up 1-3%. In the broader market BSE midcap and smallcap indices rose 1-1.5%.

Among the buzzing stocks, Bajaj Finance was the top Nifty gainer as it surged 4.98% to Rs 16,696.05. IndusInd Bank, HCL Tech, Bajaj Finance and HDFC Life also gained handsomely. Nifty PSU Bank the outperformer of the day rising as much as 3.41%

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