Market Highlights: Sensex surges 533 points, Nifty settles above 18,200 to end near 3-month high

TNN Bureau. Updated: 1/12/2022 6:21:56 PM Business and Economy

Jammu, January 12: The benchmark equity indices on the BSE and National Stock Exchange (NSE) continued their bull run for the fourth consecutive day and settled nearly 1 per cent higher on Wednesday led by gains in heavyweights Reliance Industries (RIL), ICICI Bank and Infosys amid positive cues in the global market.

The S&P BSE Sensex rose 533.15 points (0.88 per cent) to end at 61,150.04 while the Nifty 50 climbed 156.60 points (0.87 per cent) to settle at 18,212.35. The Nifty ended above the 18,200 level mark for the first time since October 27, 2021.

On the Sensex pack, Mahindra & Mahindra (M&M) was the top gainer of the day rising over 4.5 per cent, followed by Bharti Airtel, IndusInd Bank, RIL, ICICI Bank and Tata Steel. On the other hand, Titan Company, Tata Consultancy Services (TCS), HDFC Bank, Tech Mahindra, Wipro and Nestle India were among the laggards.

Going ahead, the market participants will look forward to the Q3 results of TCS, Infosys and Wipro scheduled later today and also the retail inflation (CPI) and industrial output (IIP) data which are set to be released this evening.

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