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Sensex and Nifty shut shop higher as market gains for first time in 7 days
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Sensex and Nifty shut shop higher as market gains for first time in 7 days
Jun 20, 2022 6:50 AM

Snapping a six-day losing run, equity indices settled in the green after a highly volatile session on Monday, with the Sensex climbing 237 points amid positive cues from European markets. However, mid and smallcap stocks cracked up to 3 percent while BSE midcap index shed 1.4 percent in trade today.

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At close, the 30-scrip S&P Sensex was up 237.42 points or 0.46 percent at 51,597.84, and the Nifty shut shop 56.70 points higher or 0.37 percent up at 15,350.20.

HUL, HDFC, Apollo Hospitals, Asian Paints and UltraTech Cement were among the top Nifty gainers, while losers were ONGC, Tata Steel, UPL, Hindalco Industries and Coal India.

On the sectoral front, FMCG index added over 1 percent. FMCG stocks traded higher as investors turned positive on the space owing to a number of factors including globally coordinated efforts to tame inflation, price hikes taken by companies like HUL and most importantly because the monsoon is picking up pace. (Read here)

Among other sectoral indices, IT index was up 0.5 percent, however oil & gas, metal, capital goods, power and realty closed 1-4 percent lower.

Delta Corp's shares tanked over 8 percent during today's trading session after a report highlighted that ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have been selling shares of the company throughout June. However, its stock closed 4.9 percent lower on the BSE. (Read more)

Vedanta Ltd tumbled as much as 16 percent in its worst day in over 20 months, but pared losses to close 12.7 percent lower. The miner has also invited expression of interests for its closed copper smelter plant in southern India.

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