Follow Us:
Friday, January 21, 2022

Market Highlights: Sensex rises 367 points, Nifty settles above 17,900 led by banks and financials

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,223.15, up 367.22 points (0.61 per cent), while the Nifty 50 settled at 17,925.25, up 120.00 points (0.67 per cent).

By: Express Web Desk | New Delhi |
Updated: January 5, 2022 5:00:54 pm
stock market, sensex live, sensex share pricePeople stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. (REUTERS/File Photo)

Share/Stock Highlights: The benchmark indices on the BSE and National Stock Exchange (NSE) extended their positive momentum and ended over 0.6 per cent higher on Wednesday aided by gains in banking and financial stocks.

The S&P BSE Sensex gained 367.22 points (0.61 per cent) to reclaim the 60,000 mark and end at 60,223.15 while the Nifty 50 rose 120.00 points (0.67 per cent) to settle above the 17,900 mark at 17,925.25. Earlier in the day both the indices had begun on a choppy note moving in a narrow range in the opening deals.

On the Sensex pack, the gains on Wednesday were led by Bajaj twins comprisisng of Bajaj Finserv and Bajaj Finance, along with Kotak Mahindra Bank, Tata Steel, Axis Bank and HDFC Bank. On the other hand, among the top laggards were the information technology (IT) stocks – Tech Mahindra, Infosys, HCL Technologies and Wipro, along with PowerGrid Corporation of India, Dr. Reddy’s Laboratories.

Among sectoral indices, the Bank Nifty surged 2.32 per cent on Wednesday led by AU Small Finance Bank and Bandhan Bank. The Nifty Financial Services index too gained 2.02 per cent aided by the Bajaj twins and Cholamandalam Investment and Finance Company. However, the Nifty IT index cracked 1.93 per cent weighed by Larsen & Toubro Infotech and Coforge.

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

16:10 (IST)05 Jan 2022
MARKET QUOTE | Vinod Nair, Head of Research at Geojit Financial Services on Wednesday's market performance

"In a highly volatile session, the domestic market witnessed a recovery following a mild dip though the global sentiments were not in favour of bulls. Increasing covid cases leading to stricter restrictions has pressurised market volatility. The banking sector outshone other sectoral indices as few private lenders reported double-digit business growth during the third quarter.  IT stocks took a blow as investors awaited the onset of the quarterly results season. US and Asian markets traded weak ahead of the release of the US Fed meeting minutes while European indexes held ground."

15:35 (IST)05 Jan 2022
Equity markets at close

The S&P BSE Sensex ended at 60,223.15, up 367.22 points or 0.61 per cent, while the Nifty 50 settled at 17,925.25, up 120.00 points or 0.67 per cent.

13:12 (IST)05 Jan 2022
SBI not to levy service charge on IMPS transactions done through digital banking channels

In a bid to boost digital transactions in the country, the State Bank of India (SBI) has announced that it will not levy any service charge on the Immediate Payment Service (IMPS) transactions up to Rs 5 lakh through its digital banking channels.

Informing its customers in a tweet, the country’s largest public-sector lender said that “SBI has increased the IMPS transaction limit to Rs 5 lac with NIL charges for transactions done through digital channels.” Click here to read

11:40 (IST)05 Jan 2022
Passenger vehicle retail sales dip 11% in December amid semiconductor woes

Passenger vehicle retail sales in India witnessed an 11 per cent year-on-year decline in December as semiconductor shortage continued to impact the segment, automobile dealers’ body FADA said on Wednesday.

The passenger vehicle (PV) retail sales last month fell 10.91 per cent to 2,44,639 units from 2,74,605 units in December 2020. Click here to read

10:17 (IST)05 Jan 2022
Munjal vs Munjal: What is the legal tiff among ‘Hero’ promoters about?

The promoters of Hero Electric have approached the Delhi High Court, seeking an injunction against Hero Motocorp using the ‘Hero’ brand name for the upcoming launch of the latter’s electric scooter, according to reports. The court is likely to hear the case on Wednesday. Click here to read

10:05 (IST)05 Jan 2022
Global market update

Asian stocks slipped on Wednesday following a mixed Wall Street session as higher U.S. Treasury yields weighed on global tech firms and pushed the dollar to a five-year high against Japan's yen.

U.S. yields rose on Tuesday as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly high inflation.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.8%, while Japan's Nikkei was little changed.
U.S. stock futures also slipped with S&P 500 e-minis down 0.25% and Nasdaq e-minis losing 0.4%.

Hong Kong-listed tech stocks lost 3.7% in early trade while in Japan, Nintendo slipped 1% and in South Korea, Samsung shed 2% ahead of its quarterly results.

U.S. shares were mixed on Tuesday with the tech-heavy Nasdaq losing 1.3%, though rising yields boosted banks and industrial names helped the Dow Jones Industrial Average to a record closing high and the S&P 500 to touch an all-time intraday high.


09:55 (IST)05 Jan 2022
Equity market at open

Sensex rises 77.38 pts to 59,933.31 in opening session; Nifty advances 18.15 pts to 17,823.40.


The frontline equity indices on the BSE and National Stock Exchange (NSE) continued their bull run and ended over 1 per cent higher on Tuesday taking cues from their global peers.

The S&P BSE Sensex surged 672.71 points (1.14 per cent) to end at 59,855.93 while the Nifty 50 rose 179.55 points (1.02 per cent) to settle at 17,805.25.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.