Sensex Rises 186 Points, Nifty At 16,669 Led By IT Stocks

TechM, Wirpo, and HCL Tech were leading the Sensex platform, all up between 2 per cent to 3 per cent

In the broader markets, the BSE Midcap and Smallcap indices were also in the positive territory, up to 1.5 per cent higher. Image: Getty

New Delhi: The key domestic benchmark indices, Sensex and Nifty, on Thursday started trade in the green tracking positive global cues amid the ongoing Russia-Ukraine war.

At 9.45 am, the 30-share BSE Sensex climbed 186 points to 55,655, while the NSE Nifty was at 16,669, up 63 points.

TechM, Wirpo, and HCL Tech were leading the Sensex platform, all up between 2 per cent to 3 per cent. Tata Steel, IndusInd Bank, M&M, Titan, Bajaj Finance, NTPC, and SBI were among the top gainers. On the Nifty, Coal India, ONGC, BPCL, Indian Oil Corp were the additional top gainers.

On the flipside, Asian Paints, Ultratech Cement, Maruti, Nestle, HDFC Life, were the only losers on the bourses.

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At 9.56 a.m., Sensex was 0.3 per cent or 178 points up at 55,647 points, whereas #Nifty50 0.3 per cent or 55 points up at 16,661 points.

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- IANS (@IANS) 3 Mar 2022

In the broader markets, the BSE Midcap and Smallcap indices were also in the positive territory, up to 1.5 per cent higher.

All of the sector gauges, compiled by the National Stock Exchange, were trading in the green. Nifty IT and Nifty Oil & Gas were outperforming the index by rising as much as 1.38 per cent and 1.37 per cent, respectively. However, Nifty Auto slipped as much as 0.20 per cent.

Other notable gainers included Nifty PSBs, IT, and Realty indices. 

Meanwhile, Asian shares rose after reassuring comments from the Federal Reserve helped Wall Street rally, though the war in Ukraine sent oil and resource prices soaring ever higher in a grim omen for global inflation.

Crude oil rates extended their surge, with Brent rising above $116 a barrel.

In the previous session, the 30-share BSE Sensex plunged 778 points to 55,468, while the NSE Nifty settled at 16,605, down 188 points.

Investors’ wealth tumbled Rs 86,741.74 crore on Wednesday, mirroring weakness in the global equity markets amid escalating tensions between Russia and Ukraine.

Surging crude prices and foreign capital outflows also weighed on investor sentiment.