Sensex Rises Over 250 Points, Nifty Trades Above 17,000
Indian equity benchmarks on Wednesday traded higher in opening deals led by gains in automobile, information technology (IT) and consumer goods stocks.
Global stock markets were under pressure on worries about the fallout from China's pandemic lockdowns.
Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a higher start for the domestic indices.
The 30-share BSE Sensex rose 285 points or 0.51 per cent to 56,749 in early trade, while the broader NSE Nifty moved 83 points or 0.49 per cent up to trade at 17,042.
Mid- and small-cap shares were positive as Nifty Midcap 100 gained 1.22 per cent and small-cap climbed 1.20 per cent.
10 out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the green. Nifty Auto, NIfty IT and and Nifty FMCG were outperforming the index by rising as much as 2.22 per cent, 1.24 per cent and 1.14 per cent, respectively.
On the stock-specific front, Eicher Motors was the top gainer as the stock surged 4.63 per cent to Rs 2,568.45. Tata Motors, Reliance Industries, Maruti and Coal India were also among the gainers.
The overall market breadth stood strong as 1,932 shares were advancing while 654 were declining on BSE.
On the 30-share BSE index, Reliance, Maruti, Asian Paints, Wipro, ITC, TCS, M&M, Nestle India, Dr Reddy's and Bharti Airtel were among the top gainers.
In contrast, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, L&T, PowerGrid and ICICI Bank were trading in the red.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
