Sensex Ends 150 Points Higher, Nifty Closes Above 24,000 As Headline Indices Extend Rally For Sixth Session

Sensex, Nifty Today: The Indian stock market witnessed the sixth straight session of gains on April 22. The headline indices continued their rally as the Sensex closed at 79,595.59 level up by 187.09 points or 0.24 per cent. On the other hand the Nifty closed at 24,167.25 level up by 41.7 points or 0.17 per cent.

Top Gainers and Losers On April 22

Shares of diversified Fast Moving Consumer Goods (FMCG) companies such as ITC Ltd and Hindustan Unilever Ltd gained the most among constituents of the Nifty 50 index as they closed higher by up to 2.36 per cent on the NSE. HDFC Bank and Jio Financial shares also closed higher by 1.71 per cent. On the other hand, shares of IndusInd Bank, Powergrid Corporation of India Ltd, Hero Motocorp and Infosys closed lower by as much as 4.79 per cent. Notably, as many as 31 constituents of the index declined in today’s trade and 19 stocks advanced.

Nifty Realty and Nifty FMCG Gain

Among the sectoral pack Nifty Realty index, Nifty FMCG and Nifty Consumer Durables gained the most as they closed higher by up to 2.42 per cent. On the other hand the Nifty IT and the Nifty Oil & Gas closed lower by as much as 0.57 per cent. Broader market indices also extended gains as Nifty MidCap 100 and Nifty SmallCap 100 closed 0.73 per cent and 0.78 per cent higher respectively.

Global Markets

Wall Street indices, such as the S&P 500 and the Nasdaq, closed lower by as much as 2.55 per cent. On the other hand, the Dow Jones Futures closed higher by 0.75 per cent. European indices such as the CAC 40 and DAX Peformance Index traded in the red at the time of writing by as much as 0.52 per cent. The FTSE 100 traded higher by 0.07 per cent at the same time.

Primary Market Action

The Indian primary market has not seen any fresh issues in the last week or so. However, reports of Flipkart shifting domicile to India ahead of the company’s public issue kept the primary market buzzing on April 22.

Cues To Watch

Several factors such as US President Donald Trump’s comments against US Federal Reserve Chair Jerome Powell and mounting trade tensions between US and China are expected to impact trade in the upcoming sessions.