Sensex Today: Benchmark indices ended higher in the volatile session on March 22. The S&P BSE Sensex hit a high of 58,419 and a low of 58,064, before settling at 58,215, up 140 points or 0.24 per cent.
The Nifty50, meanwhile, ended at 17,143, up 35 points or 0.2 per cent. It traded between 17,207 and 17,108 during the day. ICICI Bank, Bajaj twins, TCS, Sun Pharma, HUL, and RIL supported the gains, while Axis Bank, NTPC, HDFC Bank, Infosys, and Nestle India weighed.
In the broader markets, the BSE MidCap and SmallCap indices gained up to 0.5 per cent. Sectorally, the Nifty Pharma index advanced 1 per cent, followed by the Nifty PSU bank added 0.8 per cent.
Global Cues
Overnight, the US markets edged higher as investors hoped for an end to the monetary tightening cycle due to the banking sector crisis. Dow Jones, NASDAQ Composite, and the S&P 500 indices surged up to 1.5 per cent.
Asia-Pacific markets, too, climbed in tandem, with Nikkei 225, Kospi, Topix, the S&P 200, Kosdaq, Hang Seng indices rising up to 2 per cent.
In the commodity market, prices of oil recovered from 15-week lows, as investor fears eased post the buyout of embattled Credit Suisse. While Brent Crude declined 0.6 per cent to $74 per barrel, WTI Crude rose 2.5 per cent to $69 per barrel.
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