Closing Bell: Indian markets start 2022 on a positive note; Sensex zooms by 929, Nifty ends at 17626
Bulls were in charge of domestic equity markets in the first trading session of 2022.
Indian equity markets, Sensex and Nifty began the New Year with great positivity, led by gains in all the sectors barring healthcare stocks. On Monday, the BSE Sensex zoomed by surged 929 points or 1.60% to close at 59,183, while the Nifty index settled up by 272 points or 1.57% higher at 17,626. During today's trading session, the BSE index surged more than 1,000 points to hit an intraday high of 59,266 from its previous close.
Gains in financial, oil & gas, IT and metal stocks pushed the headline indices higher, though pharma and healthcare names were the drag. All the sectoral indices, except pharma, closed in the green, with Banking & Financials, Metal, IT and Auto leading the rally. Nifty Bank was up 940.20 points or 2.65% at 36,421.90.
Among the top gainers of the day on the BSE Sensex were Bajaj Finserv, Bajaj Finance, ICICI Bank, IndusInd Bank, Tata Steel, and HDFC Bank. On the flip side, Dr Reddy's Labs, Tech Mahindra, M&M, Nestle India, Titan and HUL were the only losers in the BSE Sensex.
Among the trending stock today was Coal India which soared by 6.37% to Rs 155.35. The state-run miner reported a 3.3% growth in December production. Also, buzzing today was the Zomato stock which gained 2.73% after the food delivery platform said it received more than 2 million orders for the first time on December 31. Cipla, Dr Reddy's, Mahindra & Mahindra, Divi's Lab and Tech Mahindra fell as much as 1.31%. The overall market breadth was positive with 2,689 shares advancing while 875 declined on BSE.
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