Sensex rises over 200 points on firm global cues; Nifty above 18,250
By The EconomicTimes
Tracking positive global cues, amid ease in the US jobless data, Indian equity indices opened higher on the last trading day of 2022 as buying was seen across all sectors.
BSE Sensex was trading 226 points or 0.37% higher at 61,360 around 9.30 am. Meanwhile, Nifty50 was trading at 18,259, up 69 points or 0.38%.
“The key resistance level for Nifty50 is 18,400 and on the downside 18,100 can act as strong support,” Mohit Nigam, Fund Manager & Head – PMS, Hem Securities said.In the Sensex pack,
Tech Mahindra NSE 0.89 %, Tata Steel NSE 1.97 %, Bajaj Finance NSE 2.04 %, Wipro NSE 0.81 % and Bajaj Finserv
NSE 2.32 % were the top gainers, rising 0.5-1%. Tata M ..On the other hand, M&M, HDFC Bank NSE -0.51 %, Asian Paints NSE -0.61 % ITC, IndusInd Bank NSE -0.71 % and Bharti Airtel NSE -0.37 % opened with cuts.
The most significant feature of 2022 is the outperformance of the Indian market.
This outperformance is the result of main.
Dollar index dipping below 104 is a positive for the market.
Dollar index dipping below 104 is a positive for the market.
This trend is likely to sustain forcing FIIs to turn buyers in India in 2023,” Vijayakumar added.
Sectorally, Nifty Metal rose 1.21% and Nifty PSU Bank advanced 1.08%.
Sectorally, Nifty Metal rose 1.21% and Nifty PSU Bank advanced 1.08%.
Nifty Realty and Nifty Consumer Durables also opened higher.
In the broader market, Nifty Midcap50 increased by 0.57% and Smallcap50 surged by 1.07%.
Wall Street’s main indexes rose on Thursday as US unemployment data signalled the Federal Reserve’ ..
Wall Street’s main indexes rose on Thursday as US unemployment data signalled the Federal Reserve’ ..
interest-rate hikes might be starting to dent labour market strength in its bid to fight inflation.
On Thursday, Dow Jones Industrial Average surged 1.05%, S&P 500 rose 1.75% and Nasdaq Composite advanced 2.59%.
Most of the Asian markets are trading in the green today following overnight gains on Wall Street.
Most of the Asian markets are trading in the green today following overnight gains on Wall Street.
Japan’s Nikkei 225 rose 0.35% and China’s Shanghai Composite surged 0.61%, while South Korea’s Kospi dropped 1.93%
Brent crude March futures surged 0.16% to $83.59 a barrel, while US West Texas Intermediate (WTI) crude futures increased 0.22% to $78.57 a barrel.
