Sensex Hits 53,000 Amid Strong Vaccination Progress

Following the positives from home on eight million vaccination numbers recorded yesterday, and also a rally in the U.S markets, the Indian equity benchmarks opened higher on Tuesday, June 22. Experts feel that we are seeing consolidation in the index on the expected lines however the buying interest on every dip clearly shows the market mood.

At market opening, the frontline S&P BSE Sensex was up 235.07 points at 52809.53, and the Nifty-50 was up 76.00 points at 15822.50. The 30-share kitty Sensex marked gains in 24 scrips at the market opening with shares of Maruti Suzuki adding over a per cent, while those of Titan, Tata Steel, and Bajaj Finance surged nearly a per cent each.

At 9:40 IST, the BSE Sensex reached a milestone of 53,000 led by strong buying interest in the market on Tuesday.

Among the sectors, the Auto, PSU Bank and Energy sectors remained the top performers adding more than a per cent each at market opening on Tuesday. Shares of Adani Transmission gained over five per cent and led the energy pack, while those of ONGC and IOC gained over two and one per cent, respectively.

The broader markets outperformed the benchmarks as both BSE Midcap and Smallcap indices were up by a per cent each in the early trade. Shares of Adani Group were among the top newsmakers in the Midcap space, adding over five per cent each.

In the overall market breadth, around 1479 shares advanced and 209 shares declined at the time of filing.

Ruchit Purohit

BW Reporters The author is a Trainee Journalist at BW Businessworld based in Mumbai. He tracks the Markets and related news.