On Wednesday, reversing the previous sessions’ fall, the benchmark indices managed to settle in green. In the global market, European shares rose after a few positive earnings reports, which lifted sentiment while cautiousness over the Ukraine war, slowing growth, and rising yields monitored the gains closely. 

At 4 pm on April 20, the benchmark indices, i.e. Sensex and Nifty 50 were trading higher as compared to the previous one. Sensex was trading at 57,037.50, up by 574.35 points or 1.02 per cent while Nifty 50 was trading at 17,136.55, up by 177.90 points or 1.05 per cent. 

Domestic equity bourses Sensex and Nifty halted the five-day losing streak on Wednesday and settled higher. The market rally was led by gains in automobile and energy shares. On the other hand, information technology (IT) stocks rebounded after sliding for eight straight sessions.

Equity markets gave double-digit returns in the fiscal year 2022 and equity mutual funds followed the suit. In this article, we have listed the top-performing equity funds in FY22.

BSE Smallcap index underperformed broader markets, closing the session with gains of mere 0.36 per cent.

Indices firmly closed higher while Nifty surged about 1.05 per cent to close at 17,136.

Biocon Ltd, Mangalore Refinery and Petrochemicals Ltd and VRL Logistics Ltd are today’s mid-day movers. 

 KBC Global, which has more than doubled its investor's money in last few years has attracted HNI Rama Krishna Varma Penmetsa who picked up a stake in KBC Global Ltd. 

The shares of Virat Industries Limited were locked in the upper circuit on Wednesday morning. The scrip got locked in the upper circuit after gaining 4.99 per cent from its last traded price. The shares were locked in at Rs 154.60 on BSE.

At 11.30 am on Wednesday, the core equity indices i.e., Sensex & Nifty 50 were trading higher by almost 1 per cent each as the dollar rose higher and the IMF cut the growth forecast by almost a per cent, owing to the effects of the ongoing war in several countries.