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May 7, 2022
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Sensex Ends 217 Points Higher, Led by Gains in Banking Shares

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Sensex Ends 217 Points Higher, Led by Gains in Banking Shares: 217 points increased to close at the 25,736 50-share Nifty advanced 72 points to settle at 7,834 on the rear of gains in banking, metal and shares. IT

Earlier in the day, the Sensex opened on a weak note and fell 100 points over but soon regained in the intraday amounts that were low as buying resumed in blue chip banking plus IT stocks such as ICICI Bank, Infosys, State Bank of Axis and India Bank.

In the Nifty 50 basket of stocks, ICICI Bank was among the top gainers, the stock soared 3.24 per cent to close at Rs 258.20. ONGC, Cairn India, ITC, Power Grid, Mahindra & Mahindra, Infosys, TCS, State Bank of India and HCL Technologies were on the list of gainers, up 1-3 per cent each.

UltraTech Cement, Asian Paints, HUL, BPCL and GAIL India were also on the list of failures.

Now on the sectoral front, banking stocks seen buying interest in trades. Realty, petroleum & gas, power, iT, FMCG and auto indices closed on a positive note.
The broader markets were broadly in-line with standard indices. The BSE midcap index soared 0.64 per cent and the small cap index climbed 0.82 per cent.

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