Market WRAP: Indices close at days high; Sensex soars nearly 1,300 points as banks, metal and IT outperform

Out of 50 stocks of Nifty 50, only two stocks, i.e., Power Grid Corp and Dr Reddy’s Labs closed negatively.

Market update at 3.30 PM: Indices closed at the day’s high after strong positive sentiment led Nifty to close above 17,200 level. The benchmark index surged 2.29 per cent while Sensex climbed 1,278 points. Nifty Midcap and Nifty Smallcap also rose 2.66 per cent & 1.76 per cent, respectively. 

All the sectors close positively with banks, metals, and IT being the top performers. 

Out of 50 stocks of Nifty 50, only two stocks, i.e., Power Grid Corp and Dr Reddy’s Labs closed negatively. Meanwhile, IndusInd Bank, Adani Ports, and Bajaj Finance emerged as the top gainers. 

Meanwhile, the rest of the world market is showing positivity and shall continue to remain in focus.   

Market update at 11 AM: Indices witnessed a strong upside on Tuesday as Nifty soared more than 2 per cent to trade above 17,200 while Sensex jumped over 1,100 points. Nifty Midcap and Nifty Smallcap have also jumped nearly 2 per cent each.  

All the sectors are in green with financials, metals, and IT being the top performers.   

The advance-decline ratio is in strong favour of bulls, and currently, stands at 1722:214.  

Only buyers were seen at Shiva Mills, Gayatri Projects, Ansal Housing, and Viji Finance.

Market update at 9.30 AM: Indices have opened higher amid positive global cues. Nifty has surged 2 per cent while Sensex soared 1,150 points. Nifty Midcap and Nifty Smallcap have jumped 1.50 per cent each.   

All the sectors are in green while India VIX has crashed over 7 per cent

Pre-market update: Bulls cheered in the American markets after the indices witnessed a fantastic short-covering rally. Nasdaq rose 2.27 per cent while Dow Jones jumped 765 points to close nearly at their day's high. With such positivity, the Asian markets have opened higher and SGX Nifty indicates a massive gap-up opening of about 240 points.

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