The stock market was trading well in the midday session, as investors are not overly concerned about the COVID-19 scenario, as reports indicate that the fast-spreading Omicron variant is not pathogenic and hospitalization cases are extremely few.
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On the global front, Asian markets were trading mostly higher with KOSPI rising 44.31 points or 1.51% to 2,971.69, Taiwan Weighted strengthened 87.19 points or 0.48% to 18,375.40, Hang Seng increased 629.78 points or 2.65% to 24,368.84, Shanghai Composite gained 28.60 points or 0.8% to 3,596.04, Jakarta Composite soared 11.65 points or 0.18% to 6,659.62 and Nikkei 225 was up by 543.18 points or 1.92% to 28,765.66. On the other hand, Straits Times was down by 0.25 points or 0.01% to 3,246.12.
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The Sensex is now trading at 61074.53, up 457.64 points or 0.75% after fluctuating between 60850.93 and 61210.08. On the index, there were 22 stocks that advanced and 8 stocks that declined.
The broader indices were trading in green with the BSE Midcap index rising 0.67%, while the Small cap index was up by 0.43%. The top gaining sectoral indices on the BSE were Energy up by 1.90%, Realty up by 1.72%, Metal up by 1.41%, Telecom up by 1.24% and Power was up by 1.03%, while Consumer Durables down by 0.28% and Healthcare was down by 0.24% were the only losing indices on BSE.
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The top gainers on the Sensex were Reliance Industries up by 2.54%, Mahindra & Mahindra up by 2.54%, Indusind Bank up by 1.98%, Bajaj Finance up by 1.54% and Kotak Mahindra Bank was up by 1.35%. On the flip side, Titan Company was down by 1.33%, TCS was down by 0.86%, Wipro was down by 0.80%, Tech Mahindra was down by 0.43% and HDFC Bank was down by 0.27% were the top losers.
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The Nifty is presently trading at 18192.05, up 136.30 points or 0.75% after fluctuating between 18128.80 and 18221.30. On the index, there were 36 stocks that advanced and 14 stocks that declined.
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The top gainers on Nifty were Mahindra & Mahindra up by 2.63%, Reliance Industries up by 2.45%, Hindalco up by 2.32%, ONGC up by 2.21% and Indusind Bank was up by 1.98%. On the flip side, Titan Co was down by 1.41%, Cipla down by 1.17%, Shree Cement down by 1.13%, TCS down by 0.90% and Wipro was down by 0.89% were the top losers.