Closing Bell: Sensex closes up by 619 points, Nifty ends above 17150; Pharma stocks drag

Closing Bell: Sensex closes up by 619 points, Nifty ends above 17150; Pharma stocks drag

by 5paisa Research Team Last Updated: Dec 15, 2022 - 07:48 am 44.5k Views

Indian share markets rose over 1% each on Wednesday as strong economic data boosted the optimism.

After a volatile trading session on Tuesday, the domestic equity benchmark ended higher on Wednesday as investor sentiment got a positive boost from a strong set of Gross Domestic Product (GDP) data that was announced after market hours on November 30. During today's trading session the Sensex rose as much as 782 points and Nifty index briefly scaled its important psychological level of 17,200 led by gains in Reliance Industries, ICICI Bank, Axis Bank, HDFC, State Bank of India and HDFC.

At the closing bell on Wednesday, the Sensex was up 619.92 points or 1.09% at 57,684.79, and the Nifty was up 183.70 points or 1.08% at 17,166.90. On market depth, around 1859 shares have advanced, 1323 shares declined, and 130 shares remain unchanged.

Major gainers on the Nifty index were IndusInd Bank, JSW Steel, Tata Motors, Adani Ports and Axis Bank, while the top losers included Cipla, Divis Labs, Dr Reddy’s Labs, UltraTech Cement and Sun Pharma.

On a sectoral basis, except pharma, all other sectoral indices closed in the green with metal indices adding over 2%. In the broader markets, BSE midcap index gained 1% and smallcap index added 0.27%.

Among the buzzing news that lifted the market sentiment was the GDP data report released by the government. Indian economy grew at the fastest pace of any major economy in the July-September quarter. Gross domestic product expanded 8.4% in the September quarter from a year earlier, showed the statistics ministry data, in line with the growth predicted in a Reuters poll.

In the trending stocks, IndusInd Bank stock rose 6% to close at Rs 934.50. JSW Steel, Tata Motors, Axis Bank, Adani Ports, State Bank of India, Maruti Suzuki, Hindalco and tech Mahindra also rose between 3-5%.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
NSE Awaits SEBI Approval for Extended F&O Trading Hours

The National Stock Exchange (NSE) is considering a significant shift in its trading hours, potentially introducing extended sessions for equity derivatives.

  • Sep 25, 2023
Delta Corp crashes 20%, After Receiving ₹16,822 Crore Tax Notice

Delta Corp Ltd, a prominent gaming company, saw its stock plummet by 20% during the intraday session on the Bombay Stock Exchange (BSE), touching its 52-week low of ₹140.20.

  • Sep 25, 2023
Bajaj Finance Plans $800 Million to $1 Billion Fundraising for Expansion

Bajaj Finance, a leading non-banking financial company (NBFC), is preparing for a fundraising endeavor, aiming to secure between $800 million to $1 billion.

  • Sep 25, 2023