News Details
Category : market
Headline : Sensex rises 372 points, Nifty above 18,850; IT stocks lead
Date: 01/12/2022 09:36
Upbeat global market sentiment led to a positive start on Dalal Street on Thursday following US Fed Chair Powell's remarks that the central bank could begin undertaking smaller rate hikes from December.

The IT pack led gains on the Sensex with Tech M, Infosys, Wipro, HCL Tech, and TCS rising 1-2 per cent. On the flip side, Asian Paints, HUL, Maruti, and M&M were the handful of losers, down up to 0.4 per cent.

At 9:30 hours, the 30-share benchmark index was trading at 63471.87 up by 372.22 points or by 0.59 % and then NSE Nifty was at 18867 up by 108.65 points or by 0.58 %.

Sensex touched intraday high of 63583.07 and intraday low of 63357.99 The NSE Nifty touched intraday high of 18874.3 and intraday low of 18842.05

The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1103.50,+2.43%), Infosys Ltd. (Rs. 1667.70,+2.16%), HCL Technologies Ltd. (Rs. 1143.65,+2.04%), Wipro Ltd. (Rs. 414.20,+1.78%), Tata Consultancy Services Ltd. (Rs. 3450.10,+1.70%), among others.

The top losers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 2652.35,-1.04%), Mahindra & Mahindra Ltd. (Rs. 1296.85,-0.79%), Asian Paints Ltd. (Rs. 3163.00,-0.61%), Power Grid Corporation of India Ltd. (Rs. 223.10,-0.40%), Maruti Suzuki India Ltd. (Rs. 8942.65,-0.38%), among others.

IT index was at 31127.64 up by 616.54 points or by 2.02%. Subex Ltd. (Rs. 34.50,+7.98%), Xchanging Solutions Ltd. (Rs. 76.45,+4.44%), Cressanda Solutions Ltd. (Rs. 25.50,+4.08%), Happiest Minds Technologies Ltd. (Rs. 986.00,+4.02%), Nelco Ltd. (Rs. 781.10,+3.72%),. Auto index was at 30245.93 down by -129.47 points or by -0.43%. Bajaj Auto Ltd. (Rs. 3684.65,-1.75%), Tube Investments of India Ltd. (Rs. 2731.60,-1.17%), Eicher Motors Ltd. (Rs. 3455.85,-0.93%), Mahindra & Mahindra Ltd. (Rs. 1296.85,-0.79%), Balkrishna Industries Ltd. (Rs. 2032.45,-0.47%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2932 , shares advanced were 2007 while 793 shares declined and 132 were unchanged.