Following increases in Bankex, Realty, and Auto companies, Indian equities markets maintained their upward trend in the noon session. Blue-chip companies like Hindustan Unilever, Indusind Bank, and Axis Bank saw healthy purchasing. Market mood has also been buoyed by the prospect of favourable outcomes from the Russia-Ukraine dialogue.
On the global front, Asian markets were trading firm with Taiwan Weighted strengthened 417.84 points or 2.46% to 17,433.20, Nikkei 225 surged 972.87 points or 3.94% to 25,690.40, Straits Times advanced 35.90 points or 1.12% to 3,231.28, Shanghai Composite gained 45.52 points or 1.4% to 3,301.91, KOSPI rose 53.99 points or 2.06% to 2,676.39, Hang Seng increased 167.83 points or 0.81% to 20,795.54 and Jakarta Composite was up by 5.05 points or 0.07% to 6,869.49.
The Sensex is presently trading at 55,858.41, up 1,211.08 points or 2.22% after trading in a range of 55,564.83 and 56,242.47. On the index, 29 stocks advanced and one stock declined.
The broader indices were trading in green; the BSE Midcap index rose 1.76%, while the Small cap index was up by 2.06%. The top gaining sectoral indices on the BSE were Bankex up by 3.98%, Realty up by 3.57%, Auto up by 3.07%, Industrials up by 2.72% and Consumer Discretionary was up by 2.58%, while Metal was down by 0.16% was only losing index on BSE.
The top gainers on the Sensex were Hindustan Unilever up by 5.61%, Indusind Bank up by 5.43%, Axis Bank up by 4.92%, Bajaj Finserv up by 4.80% and SBI was up by 4.38%. On the flip side, Tech Mahindra was down by 1.06% was the only loser.
The Nifty is presently trading at 16,694.50, up 349.15 points or 2.14% after ranging between 16,593.05 and 16,757.30. On the index, there were 46 stocks that advanced and 4 stocks that declined.
The top gainers on Nifty were Tata Motors up by 6.09%, Hindustan Unilever up by 5.51%, Indusind Bank up by 5.38%, Grasim Industries up by 5.20% and Bajaj Finserv was up by 4.95%. On the flip side, Coal India is down by 4.58%, ONGC down by 1.85%, Hindalco down by 1.62% and Tech Mahindra was down by 1.16% were only losers.