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Midday report: Sensex jumps 849 points, Nifty up 249 points

  • The Sensex is trading at 58,821.78, up by 849.16 points or 1.46%
  • The Nifty is trading at 17,561.70, up by 248.80 points or 1.44%
  • Asian markets were trading mostly in green on Tuesday

Written by:Devanshu
Published: August 30, 2022 07:22:16

Indian equity benchmarks the Sensex and Nifty were trading
near their intraday high points, on the back of positive cues from other Asian
markets. Domestic sentiments were optimistic, as rating agency ICRA in its a
note based on the analysis of 620 listed companies, excluding financial sector
entities, has said that India Inc saw a 39% jump in top lines during April-June
quarter. However, it said their operating margins declined 213 basis points to
17.7% due to input cost inflation.

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The Sensex is trading at 58,821.78, up by 849.16 points or
1.46% after trading in a range of 58,245.49 and 58,829.15. On the index, 29
stocks advanced and 1 stocks declined.

The broader indices were trading in green with the BSE
Midcap index up by 1.53% and the Small cap index up by 1.27%. The top gaining
sectoral indices on the BSE were Realty up by 2.41%, Auto up by 2.28%,
Utilities up by 2.24%, Power up by 2.24%, Telecom up by 2.12%, while there were
no losing sectoral indices on the BSE.

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The top gainers on the Sensex were Bajaj Finserv up by
3.98%, Maruti Suzuki up by 3.09%, Indusind Bank up by 3.07%, Bajaj Finance up
by 2.97% and Tech Mahindra up by 2.77%. On the flip side, Dr. Reddy’s Lab down
by 0.17% was the only loser.

The Nifty is trading at 17,561.70, up by 248.80 points or
1.44% after trading in a range of 17,401.50 and 17,565.30. On the index, 49
stocks advanced and 1 stocks declined.

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The top gainers on Nifty were Bajaj Finserv up by 4.03%,
Indusind Bank up by 3.23%, Maruti Suzuki up by 3.11%, Bajaj Finance up by 3.04%
and Tech Mahindra up by 2.83%. On the flip side, Dr. Reddy’s Lab down by 0.24%
was the only loser.

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Asian markets were trading mostly in green with the Nikkei
225 surging 316.62 points or 1.14% to 28,195.58, Taiwan Weighted strengthened
27.44 points or 0.18% to 14,953.63, Jakarta Composite soared 79.21 points or
1.11% to 7,211.26, KOSPI rose 21.86 points or 0.9% to 2,448.75 and Straits
Times advanced 16.77 points or 0.52% to 3,239.03. On the flip side, Shanghai
Composite declined 18.45 points or 0.57% to 3,222.28 and Hang Seng decreased
89.57 points or 0.45% to 19,933.65.

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