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Taking Stock | Market extends winning streak for fifth day; IT, banks gain

On the BSE, Kernex Microsystems, Gujarat Mineral Development Corporation, GHCL, Dwarikesh Sugar Industries and Balrampur Chini Mills were among more than 100 stocks to touch a 52-week high

March 14, 2022 / 04:47 PM IST

Indian equity markets gained over a percent on March 14 to extend the winning streak for the fifth consecutive session, powered by IT and banking names. A decline in oil prices also aided sentiment.

The Sensex was up 935.72 points, or 1.68 percent, at 56,486.02, and the Nifty was up 240.80 points, or 1.45 percent, at 16,871.30.

"We are gaining traction as strategy is shifting from tactical sell to tactical buy. Investments are chipping in as commodities prices are reverting," said Vinod Nair, Head of Research at Geojit Financial Services.

"FIIs selling and crude prices are subsiding, which is expected to continue based on diplomatic developments and provide an edge to the domestic market."

IndexPricesChangeChange%
Sensex60,841.88909.64 +1.52%
Nifty 5017,854.05243.65 +1.38%
Nifty Bank41,499.70830.40 +2.04%
Nifty 50 17,854.05 243.65 (1.38%)
Fri, Feb 03, 2023
Biggest GainerPricesChangeChange%
Adani Ports498.8536.40 +7.87%
Biggest LoserPricesChangeChange%
Divis Labs2,884.35-382.65 -11.71%
Best SectorPricesChangeChange%
Nifty PSU Bank3888.60115.95 +3.07%
Worst SectorPricesChangeChange%
Nifty Energy22638.40-235.60 -1.03%