Last Updated: March 22, 2023, 09:29 IST
Sensex Today: Indian indices opened increased on March 22 with Nifty round 17,150. Key indices Nifty50 climbed over 50 factors to commerce above 17,150 ranges, whereas the S&P BSE Sensex superior over 250 factors to commerce round 58,361 ranges.
The power spilled throughout broader markets too, as Nifty Midcap 100 and Nifty Smallcap 100 indices gained as much as 0.3 per cent. Volatility gauge, India VIX, in the meantime, slipped over 2 per cent.
All sectors began commerce in a optimistic territory, with Nifty IT index gaining probably the most – over 1 per cent. While HDFC Life, and SBI Life had been the highest gainers within the Nifty50 index, Asian Paints, and Coal India had been the highest laggards.
Among particular person shares, shares of Tata Motors gained over 1 per cent after the automaker hiked costs business autos (CV) vary by 5 p.c beginning April 1.
Besides, shares of Hindustan Zinc surged over 3 per cent after the corporate determined to pay Rs 10,990 crore ($1.3 billion) to its shareholders, a fourth dividend this yr.
Global Cues
Overnight, the US markets edged increased as buyers hoped for an finish to the financial tightening cycle as a result of banking sector disaster. Dow Jones, NASDAQ Composite, and the S&P 500 indices surged as much as 1.5 per cent.
Asia-Pacific markets, too, climbed in tandem, with Nikkei 225, Kospi, Topix, the S&P 200, Kosdaq, Hang Seng indices rising as much as 2 per cent.
In the commodity market, costs of oil recovered from 15-week lows, as investor fears eased publish the buyout of embattled Credit Suisse. While Brent Crude declined 0.6 per cent to $74 per barrel, WTI Crude rose 2.5 per cent to $69 per barrel.
Read all of the Latest Business News right here
