Stock market update: Nifty attempts 17,400, Sensex gains 250 points; PSU Bank, financial stocks gain
After opening lower, the Indian markets were back to trading in the green supported by PSU bank and financial services stocks amid volatility and weak global cues on Friday
![Stock market update: Nifty attempts 17,400, Sensex gains 250 points; PSU Bank, financial stocks gain Stock market update: Nifty attempts 17,400, Sensex gains 250 points; PSU Bank, financial stocks gain](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/02/18/175779-bse-reutersn.jpg?itok=HMYvZiBk&c=ff31d4722de81039d805bbf0abd1881d)
After opening lower, the Indian markets were back to trading in the green supported by PSU bank and financial services stocks amid volatility and weak global cues on Friday. Domestic equity benchmarks Nifty 50 and the S&P BSE Sensex were trading higher by 0.32% and 0.42% respectively around 12.40 pm on Thursday as uncertainty prevails around Russ-Ukraine situation .
After slipping below 17,300, the 50-shareNifty gained more than 50 points to trade at 17,359 as 27 shares advanced and 13 declined on the index.
See Zee Business Live TV Streaming Below:
S&P BSE Sensex added around 250 points to reclaim 58,100 amid 20 shares trading in the green and 10 stocks declining on the 30-share index.
Nifty Midcap index was trading flat while the small cap gained 0.30 per cent. Among sectoral indices, Nifty Bank was trading with over half per cent gain to above 37,700.
Banking, financial services and metal indices were trading higher in an otherwise negative market, while Pharma and healthcare were seen struggling.
Coal India with nearly 3 per cent gain was leading the Nifty index, while HDFC Ltd was trading higher by 1.5% to lead the Sensex-pack of 30 shares.
Other gainers on the benchmarks were SBI Life, Grasim, HDFC Ltd, L&T, State Bank, Tata Steel and IndusInd Bank. Cipla, ONGC, Divis Laboratories, Shree Cement, Ultratech cement, Infosys, Tech Mahindra, Asian Paints, Bharti Airtel and Titan were top losers.
"With 17340 remaining a sticky region, we may have to wait for a test of 17070 or a direct pullback above 17340 before playing for upsides," Anand James, Chief Market Strategist at Geojit Financial Services had said in market opening commentary.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
12:55 PM IST