Closing Bell: Indian market starts the week on a winning note, Nifty settles above 17200

Closing Bell: Indian market starts the week on a winning note, Nifty settles above 17200

by 5paisa Research Team Last Updated: 2022-03-28T16:18:46+05:30

Domestic equity bourses Sensex and Nifty halted the three-day losing streak on Monday in a see-saw trade that saw the indices swinging between gains and losses.

The Indian equity market fluctuated between gains and losses during today's session before closing in the green. In today's trade, Asian markets traded under pressure after China's financial capital of Shanghai announced a Covid-19 lockdown. Crude oil prices slid today as a coronavirus lockdown fueled worries about weak demand. Brent slipped by USD 4.35 to USD 116.33, while U.S. crude fell USD 4.5 or 4% to USD 109.38.

At the closing bell on March 28, the Sensex was up 231.29 points or 0.40% at 57,593.49, and the Nifty was up 69 points or 0.40% at 17222. On the market depth, aound 1051 shares have advanced, 2268 shares declined, and 123 shares are unchanged.

Top Nifty gainers of the day include Bharti Airtel, Coal India, Axis Bank, Eicher Motors and ICICI Bank. On the flip side, UPL, SBI Life Insurance, Nestle India, Dr Reddy’s Laboratories, HDFC were among the top losers.

On a sectoral basis, bank and oil & gas indices gained 1% each, and auto and metal indices added 0.5% each. However, selling was seen in the capital goods, IT and pharma names. The broader indices underperformed as BSE midcap and smallcap indices ended in the red.

Among the trending stocks, Aster DM Healthcare stock rose 10% after the company signed a memorandum of understanding (MoU) with Tamil Nadu to set up healthcare facilities. Also in the buzz today, share prices of multiplex players PVR and Inox Leisure touched their 52-week highs, a day after the announcement of their merger deal to create a cinema giant with more than 1,500 screens.

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