Business Economy


Stock market bounces back riding on positive global cues

New Delhi, Jan 22 (UNI) Indian stock market on Thursday witnessed a strong bounce-back supported by positive global cues.
At close, the Sensex was up 397.74 points or 0.49 per cent at 82,307.37, and the Nifty was up 132.40 points or 0.53 percent at 25,289.90.
Mid and small-cap segments also outperformed. BSE Midcap and Smallcap indices rose 1.28% and 1.13%, respectively.
The overall market capitalisation of BSE-listed firms rose to nearly Rs 459 lakh crore from Rs 454 lakh crore in the previous session.
On nifty, around 40 stocks ended higher. The top ones included Dr Reddy's Laboratories up by 5.31%, Bharat Electronics up by 3.76%, and Adani Enterprises up by 2.76%.
While on the losing side were Eternal (2.47%), SBI Life Insurance Company (1.48%), and Titan Company (1.40%).
Among the sectors, Nifty Media and PSU Bank indices recorded gains of 2.39% and 2.34%, respectively as well as the Pharma, Metal, healthcare, and FMCG indices jumped over 1% each.
Nifty Bank jumped 0.68%, while the Financial Services index rose by 0.69%.
Among the banks, Canara Bank, Bank of Baroda and State Bank of India shares gained nearly 2% each.
Kotak Mahindra Bank, Axis Bank and Punjab National Bank (PNB) shares gained nearly 1% each.
Over 260 stocks touched their 52-week lows while as many as 69 stocks hit their 52-week highs on the BSE.
Those on lows included Aditya Birla Lifestyle Brands, Sapphire Foods, Devyani International, Kalyan Jeweller, Siemens Energy, Lodha Developers, Godrej Properties, Jubilant FoodWorks, Tejas Networks, Childrens Medicare, Syngene International, Aditya Birla Fashion, Brigade Enterprises, Concord Biotech, among others.
The key ones on highs were Federal Bank, SBI, and Vedanta.
Shares of Eternal Ltd surged more than 6% in early trade to Rs 301.65.
MCX gold price fell below Rs 1.5 lakh per 10 grams, while MCX silver price also declined 4% to slip below Rs 3.10 lakh per kg levels.
The Indian rupee ended higher at 91.62 per dollar against previous close of 91.7.
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