Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers
CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC
 "trader broker stock market")
CLOSING BELL
Stock market highlights: After falling as much as 300 points during the day, the benchmark S&P BSE Sensex recouped all of its losses to end at 60,298, up 38 points or 0.06 per cent. The NSE Nifty50, too, recovered from a low of 17,852 to settle at 17,965, up 21 points or 0.12 per cent.
Stock market highlights: After falling as much as 300 points during the day, the benchmark S&P BSE Sensex recouped all of its losses to end at 60,298, up 38 points or 0.06 per cent. The NSE Nifty50, too, recovered from a low of 17,852 to settle at 17,965, up 21 points or 0.12 per cent.
The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC. However, the stocks that kept the indices under pressure during the day included Infosys, TCS, Axis Bank, ICICI Bank, and Wipro.
The broader BSE MidCap and SmallCap indices, meanwhile, outperformed the frontline indices throughout the day and closed up to 0.4 per cent higher.
Among sectors, the Nifty Metal and Realty indices gained over 1 per cent each, while the Nifty IT fell 0.7 per cent.
Sensex at 60,000: What next?
The broader BSE MidCap and SmallCap indices, meanwhile, outperformed the frontline indices throughout the day and closed up to 0.4 per cent higher.
Among sectors, the Nifty Metal and Realty indices gained over 1 per cent each, while the Nifty IT fell 0.7 per cent.
Sensex at 60,000: What next?
It has been mostly a one-way street for equity markets since July 2022. The S&P BSE Sensex and the Nifty50 have rallied around 13 per cent each since then. The gains in the mid-and small-caps have been sharper with both these indices on the BSE surging around 14 per cent each during this period. READ MORE
No article available in this category.
Topics : Sensex Inflation Nasdaq MARKET LIVE MARKET WRAP Trading strategies stock market trading BSE NSE Nifty Fed rate hikes Midcap smallcap stocks Global Markets Crude Oil Price FII flows DIIs Buzzing stocks stocks to watch Bank of Baroda Telecom stocks Indian markets US markets Reliance Jio Vodafone Idea Bharti Airtel
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 18 2022 | 8:13 AM IST
