After opening the day on a choppy note, share markets in India have erased early losses and are presently trading in green.
Benchmark indices reversed course as gains in index heavyweight stocks helped the sentiment. ITC share price gained 3% while IndusInd Bank, ICICI Bank and HUL also rallied 2%.
Earlier in the day, Indian share markets started on a negative note dragged by metal stocks due to demand worries and weaker sentiment in global markets.
Metal stocks fell as iron ore and steel prices tumbled on fears of a slump in demand for commodities.
Adding to worries was weak Asian market sentiment.
Currently, the
Meanwhile, the
--- Advertisement ---
Investment in securities market are subject to market risks. Read all the related documents carefully before investing
Don't invest in small caps...
A small group of Equitymaster readers are going to hear from our
Head of Small Cap Research tomorrow at 5 PM.
Book your spot at this meeting and get this complimentary guide delivered to your inbox.
Book your spot
Details of our SEBI Research Analyst registration are mentioned on our website - www.equitymaster.com
---------------------------------------------------
ITC and IndusInd Bank are the top gainers while Tata Steel and M&M are the top losers today.
Broader markets are also trading in green. The BSE Smallcap index is up 0.4% while the BSE Midcap index gained 0.3%.
Avenue Supermarts share price rose 3% today after the company posted its business update.
Radhakishan Damani, who owns and operates the retail chain DMart, saw his wealth rising nearly Rs 44 bn due to this rally.
Private lender IndusInd Bank also rallied following a strong business performance for the first quarter of the financial year 2021-2022.
IndusInd Bank's total deposits jumped by 13% while net advances rose by 18% YoY.
--- Advertisement ---
Investment in securities market are subject to market risks. Read all the related documents carefully before investing
How to Potentially Build Wealth Safely... Without Taking on Excessive Risk
Access Our Premium 'Low Risk, High Return Potential' Stock Research at 60% Off
Full Details Here
Details of our SEBI Research Analyst registration are mentioned on our website - www.equitymaster.com
---------------------------------------------------
In his latest video, Co-head of Research at Equitymaster Rahul Shah discusses how to find the best penny stocks in this market.
More details to follow in the upcoming commentary.
For information on how to pick stocks that have the potential to deliver big returns, download our special report now!
Read the latest Market Commentary
Equitymaster requests your view! Post a comment on "Sensex Trades in Green; ITC & IndusInd Bank Top Gainers". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!