Stock Market Today: Indian stock market benchmarks Sensex and Nifty 50 track positive global cues as geopolitical tensions ease in West Asia, closing for second consecutive session on Monday, April 22 widened the range of increase.
The further escalation of tensions between Israel and Iran is not reassuring to the market and investors’ risk appetite appears to be reignited given the positive outlook for the Indian market.
“The biggest positive for the market in the short term is that a feared escalation of tensions between Israel and Iran is unlikely to occur. Israel has not officially acknowledged the attack on Iran, and Iran They ignored it and downplayed it. Importantly, neither side wants tensions to escalate,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Sensex opened at 73,666.51 against previous close of 73,088.33 and intraday high and low were 73,767.80 and 73,227.32 respectively. The index closed 560 points (0.77%) higher at 73,648.62.
Nifty 50 opened at 22,336.90 against the previous close of 22,147 and intraday high and low were 22,375.65 and 22,198.15 respectively. The index rose 189 points (0.86%) to end the day at 22,336.40.
Mid-cap and small-cap indexes outperformed their benchmarks. BSE Midcap index rose 0.93% and Smallcap index rose 1.26%.
Around 240 stocks, including Bharti Airtel, Eicher Motors, Mahindra & Mahindra and Siemens, hit 52-week highs in intraday trading on the BSE.
The overall market capitalization of BSE listed companies is approximately INRAlmost $398 million INR393.5 billion in the previous session, making investors about 393.5 million yen richer. INR4.5 billion in one session.
(More will be added in the future)
Unlock a world of benefits! From insightful newsletters to real-time inventory tracking, breaking news and personalized newsfeeds, it’s all here, just a click away. Log in here!
