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Taking Stock | Sensex gains 477 points, Nifty above 17,200 on firm global cues

More than 350 stocks, including Sintex Industries, Tech Mahindra and Mindteck, hit a 52-week high on the BSE

December 28, 2021 / 04:41 PM IST

Indian equity benchmarks extended gains for the second straight session on December 28 on positive global cues and buying across sectors. At close, the Sensex was up 477.24 points, or 0.83 percent, at 57,897.48, and the Nifty was up 147 points or 0.86 percent at 17,233.30.

The market started on a strong note and remained in the green throughout the session to finish near the day's high.

"Indices remained positive and closed in the green today with most of the sectoral indices ending higher. Advance- decline ratio was very favourable as investors sought to accumulate high-quality midcap names across sectors as well as textile exporters in the afternoon trade," said S Ranganathan, Head of Research at LKP Securities.

The calendar year 2021 saw the Bank Nifty underperform the Nifty 500 by more than 15 percent despite earnings upgrades, as the street worried about the likely disruption by fintech companies, he said.

Sensex59,932.24224.16 +0.38%
Nifty 5017,610.40-5.90 -0.03%
Nifty Bank40,669.30156.30 +0.39%
Nifty 50 17,610.40 -5.90 (-0.03%)
Thu, Feb 02, 2023
Biggest GainerPricesChangeChange%
ITC378.6017.20 +4.76%
Biggest LoserPricesChangeChange%
Adani Enterpris1,565.25-570.10 -26.70%
Best SectorPricesChangeChange%
Nifty FMCG45981.601023.30 +2.28%
Worst SectorPricesChangeChange%
Nifty Metal5908.20-268.85 -4.35%