Sensex Up over 400 points, Trade Nifty above 17,350; Bajaj Finance, Infosys, Among the Top Corporations
Market breadth was quite positive with 1,921 shares of BSE gaining in price.
New Delhi: India’s equity benchmarks rose on Thursday, led by the returns of Bajaj Finance, Infosys, Bajaj Finserv and Wipro on positive global signals. Asian stocks followed Wall Street in higher trades after the US Federal Reserve said it would end its bond-buying stimulus in March to set up three rate hikes next year to tackle inflation. heated up. “The economy no longer needs increasing policy support,” said Fed Chairman Jerome Powell.
As of 9:20 a.m., the shared Sensex 30 pack was up 419 points or 0.73% to 58,208 and the broader NSE Nifty was up 152 points or 0.88% to 17,373.
Mid-cap and small-cap stocks traded in the green as the Nifty Midcap 100 index gained 0.51% and the Nifty Smallcap 100 index gained 0.85%.
Bajaj Finance is Nifty’s top bulldog, shares up 2.51% to Rs 7,018. Infosys, Bajaj Finserv, Wipro and IOC were also among the gainers.
On the other hand, Tata Consumer Products, Hindustan Unilever Sun Pharma, Cipla and Hero MotorCorp are among the discounters.
Market breadth was quite positive with 1,921 shares gaining while 541 stocks declined on the BSE.
On the BSE platform, Infosys, HCL Tech, Tech Mahindra and Tata Steel attracted the most returns with their shares up as much as 2.21% in open trades.
