Closing Bell: Indian market settles marginally higher, Nifty holds 18300
5paisa Research Team
17th January 2022 - 04:31 pm
Domestic bourses edged higher led by gains in auto, power and pharma stocks after starting Monday's session in the red.
The Indian equity benchmarks Sensex and Nifty closed in green amid weak Asian cues. During today's trade, both the benchmarks swung between gains and losses amid weakness in financial shares but showed a recovery in the end, to close in the green.
At the closing bell on January 17, the Sensex was up 85.88 points or 0.14% at 61,308.91, and the Nifty was up 52.30 points or 0.29% at 18,308.10. On the market breadth, about 2101 shares have advanced, 1295 shares declined, and 113 shares are unchanged.
Top Nifty gainers on Monday were Hero MotoCorp, Grasim Industries, ONGC, Tata Motors and UltraTech Cement. The top losers of the day were HCL Technologies, HDFC Bank, Britannia Industries, Axis Bank and Cipla.
On a sectoral basis, except pharma and bank, all other sectoral indices ended in the green with auto, power and realty added 1-2%. In the broader market, BSE midcap and smallcap indices ended higher.
As auto stocks were buzzing today, Hero MotoCorp was the top trending stock and surged 5.11% to Rs 2,701. The two-wheeler maker said it will invest about Rs 420 crore in electric vehicle (EV) firm Ather Energy. On the other hand, Maruti Suzuki India rose 2.08% after it hiked prices and Tata Motors was up 2.80% after it was reported that the carmaker is planning to make 50,000 EVs in the next fiscal year.
Also in the news was billionaire Rakesh Jhunjhunwala-backed Metro Brands which rallied 20% after the company reported a 54.63% jump in consolidated net profit for the third quarter ended December 2021.
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Tanushree Jaiswal
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