Equity indices extend gains; Sensex, Nifty rise over 1 pc each

Jun 21, 2022

New Delhi, June 21 (ANI): Domestic equity benchmark indices extended their gains from the previous session and rose substantially in the morning session on Tuesday, primarily due to value buying after a persistent sharp fall earlier this month. Snapping six consecutive sessions of losing run, the indices closed Monday's trade on a positive note, helped by good buying support in banking and IT stocks. Notably, domestic indices had declined during the majority of the sessions in June. During the past month, Sensex slipped over 4 per cent. “Indian markets halted a six-day-long losing streak on Monday, though fears of aggressive rate hikes and their impact on economic growth kept investors on the back foot. Today, the markets are likely to make a positive start taking gains in Asian peers,” said Mohit Nigam, Head - PMS at Hem Securities. At 9.56 am, Sensex was at 52,166.10 points, up 568.26 points or 1.10 per cent, whereas nifty was at 15,545.50 points, up 195.35 points or 1.27 per cent. Among the individual stocks, Titan, JSW Steel, Tata Motors, Hindalco, and Adani Ports were the top five gainers among the Nifty 50 companies, whereas there was no loser among them in the opening session, National Stock Exchange data showed.