Stock market update: Sensex ends 385 points higher, Nifty reclaims 17,000 on firm global cues


Mumbai: Domestic benchmark indices closed in the green on Thursday on positive cues in the global stock market. Rise in IT, Realty and PSU Bank stocks also led to gains.

The 30-share Sensex ended up 384.72 points or 0.68 per cent at 57,315.28, while the NSE Nifty rose 117.15 per cent or 0.69 per cent to end at 17,072.60.

POWERGRID was the top gainer in the BSE Sensex pack. It rose 4 per cent. ITC, Bajaj Finance, Infosys, NTPC and Tech Mahindra also closed with gains today. Meanwhile, Bharti Airtel, Sun Pharma, Maruti and UltraTech Cement were among the laggards.

On Nifty, PowerGrid, IOC, ONGC, ITC and Bajaj Finance were among the stocks, while Divi’s Lab, JSW Steel, Bharti Airtel, Sun Pharma and UltraTech Cement were among the stocks ending in the red.

Indian stock market tracked positive Asian market peers, as investor sentiments lifted after study said the risk of hospitalization is lower with Omicron than the delta version of COVID-19.

International stock markets were trading firm after concerns over inflation and COVID-19 eased with US data showing optimism about the economy despite Omicron’s spread. In Europe too, stock exchanges were trading on a positive note.

Meanwhile, the rupee on Thursday edged higher by 30 paise at 75.24 against the US dollar. A positive trend in the domestic equity market led to the rise in the Indian currency.

The dollar index, which measures the greenback’s strength against a basket of six currencies, was up 0.03 per cent to 96.10.

First published:December 23, 2021, 5:53 pm

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