MARKET LIVE: Sensex gains 350 pts, Nifty near 15,900; banks, auto lead

By Nick J Adam On Jul 6, 2022

Asian Paints, L&T, Axis Bank, Bajaj twins, Kotak Bank, Maruti, Tech M, HUL, Ultratech Cement and IndusInd Bank led gains on the Sensex, while BPCL, Eicher Motors, SBI Life were the additional winners on the Nifty.

On the downside, ONGC, Hindalco, Tata Steel, JSW Steel, Coal India, Nestle, PowerGrid, and NTPC were the top losers across the two benchmarks.

The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.4 per cent higher.

Nifty metals that slumped over 1.6 per cent and oil & gas indices were the only underperformers. Realty, financials, auto and banks were top indices leading the upmove.

Among stocks, Concor rose over 3 per cent after reports said that the Union Cabinet may take up land lease policy today, and reduce licensing fees.

Refiners MRPL and Chennai Petro shed over 5 per cent each after a nearly 10 per cent slump in crude oil prices Tuesday.

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