Indian equities recover Dec 22 |
Indian equity markets opened in the green on December 22 with BSE Sensex gaining 300 points while the NSE Nifty gained 100 points. The markets had declined sharply on December 21 amid concerns over rising Covid cases globally and apprehensions ahead of the release of the Reserve Bank of India`s latest policy meeting minutes and key macroeconomic data from the US. Selling was seen on December 21 across all major sectors, except healthcare, pharma, and IT stocks, with fears of a recession lingering. The 30-share Sensex had crashed 635 points to end at 61,067, while its broader peer Nifty 50 ended below the 18,200 level. The market capitalization of all listed companies on the BSE had declined by Rs 4.55 lakh crores to Rs 282.84 lakh crores. In the Sensex pack, IndusInd Bank, Bajaj Finserv, Maruti, and UltraTech Cement were the top losers, falling over 2%. Tata Motors, Axis Bank, Kotak Bank, Bajaj Finance, and SBI also closed with losses.
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