September 25, 2022
Share Market Update: The stock market strengthens, Sensex rises 650 points

Share Market Update: The Indian stock market opened with a positive trend today amid strong global cues and remained positive throughout the trading session. It was a good day for the markets as benchmark indices ended the session in the green with the Sensex jumping over 650 points or 1.12 per cent at 59,688.22. The Nifty ended the day at 17,798.40, up 174 points or 0.199 per cent.

Around 2073 shares have risen, 1289 shares have declined and 121 shares have remained unchanged. Among sectors, the financial sector led the rally with Nifty Bank. While Nifty Metal declined nearly one per cent, Nifty Pharma too ended the day in the red. Buying was also seen in IT, auto and infrastructure stocks.

Today’s Highlights

– Sensex and Nifty are at almost 1 month high.

Nifty Bank is at the highest level since October 2021.

– ICICI, HDFC Bank, Axis Bank, Infosys and SBI were the top Nifty contributors.

Sensex closed 659 points higher at 59,688 and Nifty rose 174 points at 17,799.

– Nifty Bank rose 753 points to 40,209 and Midcap index rose 58 points to 31,923.

– Shree Cement continues to rise, stock rises more than 10 per cent in 2 sessions.

Metal stocks like Hindalco and Tata Steel fell 2-3 per cent due to fall in prices.

IndiGo slips 2 per cent after stake sale by Gangwal family.

Metropolis, JK Cement, City Union Bank, BoB, Bandhan Bank were the top midcap gainers.

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