MARKET UPDATE: Sensex rose over 450 points to 54,237, while Nifty advanced 130 points to 16,180
Published On: Monday, July 18, 2022 | By: Team KnowMyStock
Indian stock markets opened with strong gains today(18 July 2022) tracking strength in Asian and US equities. The BSE Sensex rose over 450 points to 54,237, and the NSE Nifty50 advanced 130 points to 16,180. Infosys, Tech M, L&T, Dr. Reddy's, Sun Pharma IndusInd Bank, HUL, Tata Steel, and ICICI Bank led gains on the Sensex, rising 1-2 percent. Hindalco, JSW Steel, UPL, and ONGC were the additional gainers on Nifty. While HDFC twins, Britannia and M&M were the sole index losers holding tepid cuts.
The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.8 per cent higher.
All sectors opened in green with Nifty IT and metals leading gains, rising up to 1.7 per cent. PSBs, realty and pharma indices were the next top winners.
Among stocks, BEL soared over 4 per cent. The company posted a net profit of Rs.431.49 crores in Q1 FY23 as against a profit of Rs.11.15 crores last year. Oberoi Realty rose over 1.6 per cent. The Mumbai-based real estate developer has reported a consolidated net profit of Rs 403.08 crore in Q1 FY23 as against a net profit of Rs 80.63 crore in Q1 FY22.
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