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Sensex Gains 92 pts, Nifty Holds 18,250; Adani Ent Dips 3%, Fino Payments Bank Zooms 20%

By: Aparna Deb

News18.com

Last Updated: November 23, 2022, 15:48 IST

New Delhi, India

Markets Today

Markets Today

Sensex Today: Tracking strong global cues, the Indian equity markets extended gains for the second consecutive day on Wednesday.

Sensex Today: Key benchmark indices settled near the day’s low, albeit higher for a second consecutive day on Wednesday, lifted by financial, and select auto and pharma stocks. The indices stayed in a narrow range through the day ahead of the release of the minutes of the US Federal Reserve’s latest policy meeting.

The S&P BSE Sensex gained 92 points, or 0.15 per cent, to end at 61,510.5. The Nifty50, meanwhile, advanced 23 points, or 0.13 per cent, to end at 18,267.

Bajaj Finance, SBI, Dr Reddy’s Labs, Maruti Suzuki, ICICI Bank, Kotak Bank, HDFC, Sun Pharma, IndusInd Bank, M&M, Titan, and Axis Bank led from the front, rising up to 1.7 per cent. On the downside, Power Grid, Bharti Airtel, L&T, Tech M, Ultratech Cement, HUL, and RIL slipped between 0.4 per cebt and 1 per cent.

In the broader market, the BSE MidCap index edged 0.2 per cent higher, and the BSE SmallCap index added 0.5 per cent. GMR Infra, Apollo Hospitals, Aditya Birla Capital, Canara Bank, Federal Bank, Fino Payments Bank, Sadbhav Engineering, and RHI Magnesita were the top winners from the space.

Among sectors, the Nifty PSU Bank index continued to outperform the market, and rose 1 per cent. On the downside, the Nifty Metal index dipped 0.4 per cent.

Global Cues

Globally, the US markets shrugged off covid-19 concerns in China and inched up ahead of FOMC minutes reading. All major indices – Dow Jones, the S&P 500, and NASDAQ Composite closed over 1 per cent higher.

Markets in Asia-Pacific, too, were positive this morning as the S&P 200, Kospi, Kosdaq, and Hang Seng indices climbed up to 1 per cent.

At the commodities front, crude oil prices advanced after Saudi Arabia said that OPEC+ will stick with output cuts. Brent Crude rose 0.3 per cent to $88 per barrel, whereas WTI Crude increased 0.4 per cent to $81 per barrel.

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first published:November 23, 2022, 09:22 IST
last updated:November 23, 2022, 15:48 IST
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