On Monday, the Indian stock market began the year 2022 on a bullish note, with the benchmark BSE Sensex surging over 340 points in early trade on the back of frantic buying in IT and power firms.
The BSE gauge, which had a bullish start to the session, continued to reinforce its gains as the morning trade progressed, and was trading at 58,593.26, up 339.44 points or 0.58 percent.
Similarly, the NSE Nifty surged 108.90 points, or 0.63 percent, to 17,462.95 in early trade.
TCS, Maruti, HCL Tech, L&T, Tech Mahindra, and Wipro were among the top gainers on the Sensex chart.
IndusInd Bank, M&M, Titan, Dr Reddy’s, and HUL, on the other hand, were all in the red.
The BSE auto, IT, and pharmaceutical indices also saw large advances.
The Indian equity market ended the year 2021 on a high note on Friday. On the last trading day of 2021, the Sensex closed 459.50 points or 0.80 per cent higher at 58,253.82 and the Nifty ended 150.10 points or 0.87 per cent up at 17,354.05.
According to stock exchange data, foreign institutional investors (FIIs) were net purchasers in the capital market on Friday, purchasing shares worth Rs.575.39 crore.
Participants’ reactions to the first trading day of 2022 differed throughout Asia’s bourses.
Meanwhile, Brent crude, the international benchmark for oil, increased 0.69 percent to USD 78.24 per barrel.
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