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Home›Stock Market›Sensex rises 1,041 and Nifty50 reclaims 16,650 as market hits near month-long closing highs

Sensex rises 1,041 and Nifty50 reclaims 16,650 as market hits near month-long closing highs

By Wanda M. Luce
May 30, 2022
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Market at closing | Sensex and Nifty Extend Gains to 3rd Straight Day to Near Month-Long Closing Highs

Here are some highlights:

Market sees broad-based gains

— IT leading, Nifty IT up 4%

–Investors gain over Rs 10 lakh crore in wealth in three sessions as market value of BSE-listed companies rises

–All sector indices in the green

— The volatility index falls by 7%

–M&M hits record high after strong January-March profits

–Dixon, City Union Bank surges after strong earnings

–Jubilant FoodWorks gains 10% after new CEO appointment and better-than-expected quarterly performance

–Piramal Enterprises reverses Friday losses, among top midcap gainers

— JSW drops 2% after poor quarterly performance, JSPL drops 4% before earnings

–Kotak Mahindra Bank, Sun Pharma, DRL, NTPC slide in strong session

–Titan, M&M, Infosys, Adani Ports, L&T, HCL, Grasim are top earners

— Rising crude prices support ONGC shares despite weak co-profits

–Real estate stocks rise on reports of rising demand

–Dr Lal, Torrent Pharma, AU SFB, NMDC, Ashok Leyland are major midcap losers

–Market Breadth Favors Bulls, Advance-Down ratio at 3:1

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