NIFTY50 trades above 22,150, SENSEX gains over 550 points, Reliance Industries up 3%, Maruti Suzuki hits lifetime high
Upstox
2 min read • Updated: March 27, 2024, 1:27 PM
Summary
Benchmark Indices – NIFTY50 (+0.74%) and SENSEX (+0.75%) – were trading higher on Wednesday. Out of the NIFTY50 space, 39 stocks were advancing. The top gainers were Maruti Suzuki, Adani Ports, Reliance, Bajaj Auto, and Eicher Motors.
Benchmark indices advanced on Wednesday amid mixed cues from Asian markets. NIFTY50 was up 0.74% or 162.50 points to trade at 22,167.20, while SENSEX gained 0.75% or 542 points at 73,009 at midday.
Out of the NIFTY50 index, 39 stocks were trading in green. The top gainers were Maruti Suzuki, Adani Ports, Reliance, Bajaj Auto, and Eicher Motors. Britannia, Hero MotoCorp, Apollo Hospital, Nestle India and Wipro were the top losers.
Except for FMCG (-0.06), all sectoral indices were in positive territory. NIFTY Auto (+1.26%), NIFTY Realty (+1.1%) and NIFTY Bank (+0.41%) sectors gained the most.
Broader markets outperformed the benchmark indices. NIFTY Smallcap100 was up 1.14%, while NIFTY Midcap100 rose 0.62%.
On the stocks front, the shares of Larsen & Toubro (L&T) were trading 1.25% higher after it received multiple orders in the range of ₹2,500-₹5,000 crore for buildings and factories business in domestic and international markets.
Maruti Suzuki India shares hit their 52-week-high of ₹12,722 today ahead of monthly sales numbers which will be announced on 1 April 2024. At 12:05 pm, the stock is trading at ₹12,659, up 3.34%.
Central Depository Service Ltd (CDSL) shares declined over 6% after a large block deal. As per reports, Standard Chartered Bank is believed to have sold its entire 7.18% stake in the company.
SME company Chatha Foods shares listed on Wednesday at a premium of 30% to the issue price. The stock of frozen and ready-to-eat food processor company opened for trading at ₹73 per share, reflecting a gain of 30.35%, against the issue price of ₹56 per share on the SME platform of BSE.