By: ABP News Bureau | Updated at : 23 Feb 2022 11:40 AM (IST)
Brent crude futures were at $96.74 a barrel, having eased off Tuesday's top of $99.50. Image: Getty
New Delhi: The key equity indices, Sensex and Nifty, on Wednesday started trade on a positive note ending the fifth straight losing session taking cues from global peers. According to analysts, global markets regrouped, hoping that Western world sanctions on Russia might soften Moscow's defiant tone and leave some room to avoid a war.
At 9.45 am, the 30-share BSE Sensex clocked 57,527, up 227 points, while NSE Nifty was at 17,169, up 76 points.
Among the Sensex platform, Kotak Bank, Maruti, M&M, Titan, SBI, Bajaj Finance, IndusInd Bank, Asian Paints, and Tata Steel were the top gainers, up to 2 per cent higher. Tata Motors, Tata Consumer, Coal India and Adani Ports were the additonal gainers on the Nifty.
On the flipside, ONGC, Divis Labs, Eicher Motors, and L&T were the only losers on the bourses, down up to 0.4 per cent.
In the broader markets, the BSE Midcap and Smallcap indices were in the positive territory in line with the headline indices, up 0.9 and 1.4 per cent, respectively.
Sectorally, all the Nifty indices were trading in the positive zone, with maximum gains in Nifty Realty, up 2 per cent. Realty shares were followed by PSBs, up 1.6 per cent. Other notable gainers included Nifty Auto, Financials, Consumer Durables, and Metals, all 0.6-1 per cent higher.
All the 15 sector gauges, compiled by the National Stock Exchange, were trading in red. Nifty PSU Bank and Nifty Auto were underperforming the index by rising as much as 1.10 per cent and 0.90 per cent, respectively.
In the previous session on Tuesday, Sensex declined 383 points to close at 57,301; while Nifty had moved 114 points lower to end at 17,092.
Elsewhere in Asia, bourses were mostly trading with gains, hoping that war in Ukraine can be avoided after US, Japan and European powers imposed sanctions on Russia. Stocks closed lower on Wall Street on Tuesday, after Russia sent forces into Ukraine's eastern regions, escalating tensions.
Meanwhile, Brent crude futures were at $96.74 a barrel, having eased off Tuesday's top of $99.50.
Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth Rs 3,245.52 crore on a net basis on Tuesday, according to exchange data.
Share Market Today: Sensex, Nifty End Flat. Titan Slips 3.5 Per Cent; FMCG Shines
Share Market Today: Sensex, Nifty Trade Flat In Early Trade. Titan Slips 4 Per Cent
FPIs Infuse Over Rs 7,900 Crore In Indian Equities In July So Far, Pour In Rs 6,304 Crore In Debt Market
SEBI Guidelines Push Finfluencers To Reevaluate Content And Monetisation Strategies
Share Market Today: Sensex, Nifty End Flat. HDFC Bank Slips 4 Per Cent; Nifty Bank Falls 1 Per Cent
PM Modi In Russia: Modi Meets Putin For Private Dinner At President's House
Rahul Gandhi Visits Relief Camps In Manipur. Inmate Urges Him To 'Raise Their Plight' In Parliament, Congress Says
Maharashtra Polls: As MVA Eyes 200 Seats, Congress Gears Up For Aggressive Campaign Led By Kharge, Gandhis
NEET-UG 2024: SC Says Cannot Deny Paper Leak, Asks If Wrongdoers Can Be Identified To Avoid Re-Test For All