Sensex rallies over 1,000 pts, Nifty nears 17,000
March 16, 2022 17:50 ISTThe 30-share BSE index closed at 1,039.80 points or 1.86 percent higher at 56,816.65. Likewise, the NSE Nifty jumped 312.35 points or 1.87 percent to end at 16,975.35.
The 30-share BSE index closed at 1,039.80 points or 1.86 percent higher at 56,816.65. Likewise, the NSE Nifty jumped 312.35 points or 1.87 percent to end at 16,975.35.
The 30-share BSE Sensex opened in the green and further jumped 1,469.64 points or 2.75 per cent to 54,893.73 during the day.
Crude oil prices ratcheted up towards the USD 120 per barrel mark on fears of supply disruptions as western nations tightened sanctions on Russia, which accounts for around 10 per cent of global oil output.
The Sensex finally ended 149.38 points or 0.26 per cent lower to settle at 57,683.59, while the broader NSE Nifty slipped 69.65 points or 0.40 per cent to 17,206.65.
The 30-share Sensex surged 1,736.21 points or 3.08 per cent to end at 58,142.05 – recouping the losses suffered on Monday. Likewise, the NSE Nifty soared 509.65 points or 3.03 per cent to settle at 17,352.45.
The 30-share Sensex nosedived 1,747.08 points or 3 per cent to settle at 56,405.84 and the broader Nifty plummeted 531.95 points or 3.06 per cent to 16,842.80.
The 30-share Sensex nosedived 1,540.85 points to 56,612.07 in early deals and the broader Nifty plummeted 458.20 points to 16,916.55. On the Sensex chart, all 30 shares were trading with steep to moderate losses -- with SBI, Tata Steel and IndusInd Bank tumbling over 4 per cent.
A depreciating rupee and continued selling by foreign investors also affected the market sentiment.
The 30-share index ended 142.81 points or 0.24 per cent higher at 59,744.65. Similarly, the NSE Nifty rose 66.80 points or 0.38 per cent to close at 17,812.70.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended on a positive note. Stock exchanges in Europe were also largely trading with gains in mid-session deals.
According to experts, exploding COVID-19 cases, sustained selling by foreign institutional investors and slowing growth momentum in the developed economies have spooked markets the world over.
The 30-share index slumped 1,028.61 points or 1.80 per cent to 55,983.13 in the opening trade. Similarly, the Nifty tanked 307.50 points or 1.81 per cent to 16,677.70.
The 30-share BSE Sensex declined 20.46 points or 0.03 per cent to end at 58,786.67. Similarly, the broader NSE Nifty slipped 5.55 points or 0.03 per cent to 17,511.30.
The 30-share BSE index ended 764.83 points or 1.31 per cent lower at 57,696.46. Similarly, the broader NSE Nifty tanked 204.95 points or 1.18 per cent to 17,196.70.
HDFC was the top gainer in the Sensex pack, climbing nearly 4 per cent, followed by PowerGrid, Sun Pharma, Tata Steel, Tech Mahindra and Bajaj Finserv. On the other hand, ICICI Bank and Axis Bank were the losers.
NSE Nifty surged 121.20 points or 0.70 per cent to close at 17,536.25.
M&M was the top loser in the Sensex pack, shedding over 1 per cent, followed by HCL Tech, Tech Mahindra, Dr Reddy’s, Maruti, Bajaj Auto and TCS.
Tech Mahindra was the top gainer in the Sensex pack, rising around 2 per cent, followed by L&T, NTPC, Bajaj Finance, SBI and UltraTech Cement.
In the previous session, the 30-share index ended 148.53 points or 0.25 per cent higher at record 60,284.31, and Nifty rose 46 points or 0.26 per cent to its fresh closing peak of 17,991.95.
The 30-share Sensex was trading 500.67 points or 0.85 per cent lower at 58,625.69. Similarly, the Nifty declined 150.40 points or 0.85 per cent to 17,467.75.
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