The Indian stock market is off to a good start in 2022 on Monday, with the benchmark BSE Sensex rising about 340 points in opening trading due to hot buying in IT and power stocks.
As the early trading progressed, the BSE index was confident at the opening and further strengthened the gains. The transaction price was 58,593.26, an increase of 339.44 points or 0.58%.
Similarly, NSE Nifty rose 108.90 points, or 0.63%, to 17,462.95 in opening trading.
On the Sensex chart, TCS, Maruti, HCL Tech, L&T, Tech Mahindra and Wipro were among the companies with the largest gains.
In contrast, IndusInd Bank, M&M, Titan, Dr Reddy’s and HUL suffered losses.
From a sector perspective, the BSE automotive, IT and pharmaceutical indexes all rose sharply.
On Friday, the Indian stock market ended 2021 at a high level. On the last trading day of 2021, Sensex closed up 459.50 points or 0.80% to 58,253.82, and Nifty closed up 150.10 points or 0.87% to 17,354.05.
According to data from the stock exchange, on Friday, foreign institutional investors (FII) were net buyers in the capital market. They bought shares worth 575.39 crore.
Elsewhere in Asia, exchanges reacted mixedly to participants on the first trading day in 2022.
At the same time, the international oil benchmark Brent crude oil rose 0.69% to US$78.24 per barrel.
Complete News Source : Hindustan Times
