Stock market extends winning steak; PSU bank at new high
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
Investors reacted negatively to weak global indications on Wednesday morning, especially because American markets finished in the red.
The NSE Nifty 50 fell 45 points to 18,086.75, while the BSE Sensex dropped 115 points to 60,811.52. Tata Teleservices, RVNL, and Adani Wilmar were some of the most active companies that increased during morning trade, while Dhampur Sugar, Nava, Kitex, Coromadel, and Indian Overseas Bank were some of the laggards on the BSE.
Powergrid, NTPC, Cipla, UPL, and Divislab were among the NSE’s gainers during Wednesday’s morning trade, while Hindalco, Tata Steel, ONGC, Infosys, and TCS were among the losers.
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The S&P ASX was down 39 points on Wednesday morning while the Nikkei was down 242 points in Japan, the Hang Seng was up in Hong Kong, and the Shanghai SE was up in China.
On Wednesday morning, Refinitiv Europe was up 3 points on the FTSE, 45 points on the CAC 40, 54 points on the Deutsche, and 3 points on the FTSE.
When Asian markets opened on Wednesday morning, the Dow Jones was up 37 points, the Nasdaq was down 144 points, and the S&P 500 was trading 15 points lower.Tuesday’s global indicators were encouraging as China announced another relaxation of the Covid-19 limitations. The Nifty briefly touched the day’s low of 17,967.45 in the morning trade before settling above the 18,100 level.
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