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Taking Stock | Market hitches ride on Maruti's strong Q2 showing; Sensex closes in on 60k, Nifty above 17,700

Maruti Suzuki, Reliance, Apollo Hospital, NTPC and Hero Motocorp were the top Nifty gainers

October 28, 2022 / 04:57 PM IST
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Todays L/H

The Indian equity benchmarks, which were trading cautiously amid uncertainty over the out-of-turn Reserve Bank of India meeting on November 3, picked up speed in the last hour on better-than-expected results from the index heavyweight Maruti Suzuki.

At close, the 30-pack BSE Sensex was up 203 points, or 0.34 percent, at 59,960, while the broader Nifty gained 49.85 points, or 0.28 percent, to close at 17,887.

Despite negative global cues, the Indian market managed to close in the green on the back of strong quarterly earnings by the index heavyweights.

“Gains in index heavyweights helped the domestic market to withstand its gains despite negative trends in its global peers as US tech stocks had a significant sell-off following disappointing quarterly results and a bleak forecast”, said Vinod Nair, Head of Research, Geojit Financial Services.

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%