Nifty 50 at all-time high: Nifty closes above 18,750; Sensex jumped over 400 points as metals, realty and energy stocks soar

Rohit Kale
/ Categories: Trending, Mkt Commentary
Nifty 50 at all-time high: Nifty closes above 18,750; Sensex jumped over 400 points as metals, realty and energy stocks soar

A broad based rally was witnessed today as 1,225 stocks advanced as against 766 stocks that declined. 

Market update at 3.30 PM: It was a fantastic final hour as Nifty shot up nearly 150 points to soar above 18,800 before receding a little. In the end, Nifty surged 0.75 per cent to close at an all-time high level at of 18,758 and BSE Sensex jumped over 400 points. Nifty Midcap and Nifty Smallcap rose 1.14 per cent and 0.61 per cent respectively. 

A broad based rally was witnessed today as 1,225 stocks advanced as against 766 stocks that declined. 

Metal, realty and energy indices soared nearly 2 per cent while Nifty PSU Bank index witnessed profit booking.  

M&M, Hindalco and Bajaj Auto emerged as the top gainers from the Nifty 50 stocks while IndusInd Bank, SBI and HCL Technologies were the top losers today. 

 

Market update at 2.30 PM: Indices have extended gains in the latter half of the session as Nifty has jumped 0.40 per cent and currently trades at 18,700 levels. Sensex has soared 200 points to trade at all-time high. The midcap and Smallcap stocks have witnessed strong buying interest.  

Metals, realty and auto are the prominent sectors leading the rally.

 

Market update at 11.25 AM: Indices have been trading higher amid volatility. NSE Nifty 50 and BSE Sensex are trading marginally higher, whereas Midcap and smallcap indices are seen outperforming. Nifty Midcap and Nifty Smallcap have climbed nearly half a per cent each.   

Realty stocks have seen good buying interest along with the metals and are the top performers. Meanwhile, PSU Banks are weak today.  

ICICI Bank, Britannia Industries, IRFC and Union Bank have hit fresh 52-week highs and strong trading activity is seen across these stocks.   

Hindalco, Bajaj Auto, M&M are the top gainers from the Nifty 50 stocks while Apollo Hospitals, IndusInd Bank and SBI are weak.   

About 1,246 stocks are advancing while 665 stocks are on decline, thus indicating a positive market breadth.  

 

Market update at 9.30 AM: Indices have been trading higher at the start of the session. NSE Nifty 50 index has surged 0.25 per cent while BSE Sensex has jumped 100 points. Good buying has emerged in midcap and Smallcap stocks as well.

Metals and Auto are the top performers while IT and PSU Banks are weak today. India VIX has slipped nearly 1 per cent.  

 

Pre-market update: The Wall Street indices ended on a flat to negative note as investors await US Fed chairman Jerome Powell's speech to anticipate the upcoming rate hikes. Nasdaq slipped 0.60 per cent while Dow Jones closed on a flat note. The Asian markets have opened mildly on either sides and trends on SGX Nifty indicate a loss of 20 points for Nifty. 

Crude oil trades amid volatility as recession concerns weigh off against supply cuts from the OPEC+. 

Uniparts India IPO is set to open today. The company has fixed the price band of Rs 548-577 per share and is expected to raise Rs 835 crore via IPO. 

In the last trading session, the FIIs have bought shares worth Rs 1,241 crore while the DIIs have sold to the tune of Rs 744 crore. 

Nifty is expected to remain volatile and stock specific action is likely to prevail on D-street.

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