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Markets kick off 2022 in style despite Omicron concerns Sensex jumps 929 pts

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The stock market closed strongly on the first trading day of 2022, Sensex jumped 929 points

Highlights

  • The beginning of the year 2022 was strong in the domestic stock markets
  • Sensex jumped over 900 points on Monday
  • Nifty closed at 17,625.70 with a gain of 271.65 points

Mumbai. The year 2022 started strongly in the domestic stock markets. The benchmark index BSE Sensex reclaimed the 59,000-mark with a jump of over 900 points on Monday. The BSE Sensex based on 30 shares had gone up to 59,266.39 points during trading. In the end, it gained 929.40 points, or 1.60 percent, to close at 59,183.22. Similarly, the Nifty of the National Stock Exchange closed at 17,625.70 with a gain of 271.65 points or 1.57 percent.

The outperformers on the Sensex include Bajaj Finance, Bajaj Finserv, ICICI Bank, Axis Bank, Tata Steel, IndusInd Bank and HDFC Bank. There was an increase of up to 3.50 percent in these. On the other hand, Dr Reddy’s, Mahindra & Mahindra, Tech Mahindra and Nestle lost their shares. On the last day of the year 2021, the stock markets closed with gains on Friday.

The BSE Sensex was up 459.50 points, or 0.80 per cent, at 58,253.82 and the NSE Nifty was up 150.10 points, or 0.87 per cent, at 17,354.05. On a yearly basis, the Sensex has gained 21.99 percent or 10,502.49 points and the Nifty has gained 24.11 percent or 3,372.3 points in 2021.

Other markets in Asia were mixed on the first day of 2022. Hong Kong’s Hang Sang declined while South Korea’s Kospi was in profit. Markets in Japan and China were closed. Meanwhile, international oil benchmark Brent crude rose 1.49 per cent to $78.94 per barrel. According to stock market data, Foreign Institutional Investors (FIIs) were net buyers in the capital market. He bought shares worth Rs 575.39 crore on Friday.

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Salman Sahr

Salman is a journalist at UsamaSpeaks.com and he deals with Latest News, World News, and Business News. Salman is a very professional and authentic news journalist.

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