Sensex Ends 385 Points Higher, Nifty Settles Above 17,000; Realty & Power Stocks Rally

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Despite the Omicron fear, benchmark indexes gained for the third straight trading day as investors bet on a possible year-end rise.

At the closing bell, the BSE Sensex stood higher by 385 points (up 0.7%).

Meanwhile, the NSE Nifty closed higher by 117 points (up 0.7%).

Power Grid Corp and IOC were among the top gainers today.

Divi's Lab and JSW Steel, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,059, up by 81 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1% and 0.7%, respectively.

Sectoral indices ended on a positive note with stocks in the realty sector, power sector and oil & gas sector witnessing most of the buying interest.

Telecom and metal stocks, on the other hand, witnessed selling pressure.

Shares of Birlasoft and Metropolis Healthcare hit their respective 52-week highs today.

Asian stock markets ended on a positive note today.

The Hang Seng and the Shanghai Composite ended up by 0.4% and 0.6%, respectively. The Nikkei ended up by 0.8% in today's session.

US stock futures are trading on a positive note today with the Dow Futures trading up by 61 points.

The rupee is trading at 75.24 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 48,234 per 10 grams.

Moving on to the stock-specific news, Tata Motors was among the top buzzing stocks today.

Tata Motors Incorporates EV Subsidiary Tata Passenger Electric Mobility

Auto major Tata Motors on Wednesday informed that the company has incorporated a wholly owned subsidiary, Tata Passenger Electric Mobility Limited, which will be involved in manufacturing of electric motor vehicles.

The Ministry of Corporate Affairs has issued the certificate of incorporation for the same on 21 December 2021.

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Rick Ristov 2 weeks ago Author's comment
Rick Ristov 2 weeks ago Author's comment

gifTesting day 2.

Rick Ristov 2 weeks ago Author's comment

Hello, testing again. 

Rick Ristov 2 weeks ago Author's comment

Hello hello, just testing the edit option.