Stock Market Update: Sensex Gains Over 350 pts, Nifty Atop 18,200; Britannia Soars 8%

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Stock Market Update: Sensex Gains Over 350 pts, Nifty Atop 18,200; Britannia Soars 8%


Sensex Today: Indian fairness markets on Monday had a gap-up open amid robust international cues and regular international inflows. Key indices Nifty50 climbed over 100 factors to commerce above 18,200 ranges and the S&P BSE Sensex superior over 300 factors to commerce at 61,290 ranges.

Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap indices gained as much as 0.7 per cent.

Barring Nifty Metal index, all sectors began commerce on a constructive notice. Nifty Bank index gained essentially the most, up over 1 per cent.

Among particular person shares, shares of SBI gained over 4 per cent after the lender’s web revenue rose 74 per cent year-on-year (YoY) to Rs 13,265 crore in Q2FY23.

Besides, shares of Triveni Engineering surged over 3 per cent after the sugar agency reported a multi-fold leap in its consolidated revenue to Rs 1,387.76 crore in Q2FY23.

Global Cues

Tokyo shares opened larger on Monday as international market sentiment improved on stable US jobs information and hopes for an financial reopening in China. The benchmark Nikkei 225 index was up 0.66 p.c, or 178.65 factors, at 27,378.39 in early commerce, whereas the broader Topix index rose 0.75 p.c, or 14.27 factors, to 1,929.67.

US shares closed larger on Friday in unstable commerce to snap a four-session dropping streak as buyers wrestled with a blended jobs report and feedback from Federal Reserve officers on the tempo of rate of interest hikes.

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