CLOSING BELL: Sensex jumped 760 points to end at 54,521 level while the Nifty closed at 16,279, up 229 points
Published On: Monday, July 18, 2022 | By: Team KnowMyStock
Indian benchmark indices surged over 1 percent higher today(18 July 2022), led by nearly broad-based buying driven by upbeat global momentum. The S&P BSE Sensex jumped 760 points to end at the 54,521 level while the Nifty closed at 16,279, up 229 points. The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries. All these index heavyweights rallied between 0.85 percent and 4.5 percent. Separately, Tech M, Bajaj twins, Wipro, Ultratech Cement, Tata Steel, Titan, and Asian Paints were the other gainers rising up to 3.5 percent. On the downside, Dr. Reddy's Labs, HDFC Bank, HUL, Nestle, M&M, Maruti Suzuki, and HDFC were the laggards, down in the range of 0.5 percent to 1.7 percent.
eanwhile, in the broader market, Cholamandalam Finance, Shriram Transport Finance, Voltas, RBL Bank, Mindtree, Quick Heal, Vardhaman Textiles, and AP Tech lifted the BSE MidCap and SmallCap indices 1.5 per cent and 1.4 per cent higher, respectively.
Sectorally, all the indices, except the Nifty Pharma index, settled in the positive territory. The Nifty IT index advanced over 3 per cent, followed by the Nifty PSB index (up 3 per cent), and the Nifty Metal index (2.5 per cent). The Pharma index, meanwhiole, eased 0.14 per cent.
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