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Sensex inches up amidst market jitters

Market sentiment initially turned bullish, with positive global cues and a decrease in tensions in West Asia fueling optimism. A sharp decline in volatility further buoyed investor confidence.

- Mumbai - UPDATED: April 23, 2024, 04:24 PM - 2 min read

On April 23, the Indian market relinquished the majority of its day's gains during last-hour selling, yet managed to conclude with modest increases, marking the third consecutive session of upward movement.

Sensex inches up amidst market jitters


On April 23, the Indian market relinquished the majority of its day's gains during last-hour selling, yet managed to conclude with modest increases, marking the third consecutive session of upward movement.

 

At the close of trading, the Sensex stood at 73,738.45, up by 89.83 points, or 0.12 percent, while the Nifty climbed 31.60 points, or 0.14 percent, to reach 22,368.

 

Market sentiment initially turned bullish, with positive global cues and a decrease in tensions in West Asia fueling optimism. A sharp decline in volatility further buoyed investor confidence. However, the late sell-off erased much of the gains accumulated earlier in the session.

 

Leading the Nifty gainers were Grasim Industries, Bharti Airtel, Nestle India, Maruti Suzuki, and HCL Technologies. On the other hand, Sun Pharma, BPCL, Reliance Industries, M&M, and Hindalco Industries were among the top losers.

 

In terms of sectors, healthcare, metal, oil & gas, and energy witnessed declines ranging from 0.3 to 0.8 percent.

 

Conversely, FMCG, power, IT, realty, and auto sectors recorded gains of 0.4 to 2 percent, contributing to the overall upward movement of the indices.

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