FINAL TRADE: Nifty reclaims 22,100, Sensex ends 526 pts higher, led by oil & gas, financial stocks

Stock market today: Domestic blue-chip indices gained on Wednesday, March 27, led by buying in oil & gas and financial shares, primarily in heavyweights such as RIL and HDFC Bank. The Nifty index ended 118.95 points, or 0.54 per cent, higher at 22,123.65, and the Sensex settled with a gain of 526.01 points, or 0.73 per cent, at 72,996.31.

At close, notable gainers included RIL, Maruti Suzuki India, Bajaj Auto, Bajaj Finance, and Titan, while UPL, Hero MotoCorp, Wipro, Apollo Hospitals, and Dr Reddy's topped the losers' list on the NSE.

"Stock-specific actions and positive undercurrents due to a healthy economic growth forecast led the market towards a positive closure. However, due to the holiday-led truncated week, investors are now focusing on US GDP data tomorrow and next week’s RBI policy announcement to gauge market direction," Vinod Nair, Head of Research, Geojit Financial Services, said. 

The high-beta Nifty Bank index, whose 12 constituents include SBI, HDFC Bank, and ICICI Bank, finished the day with gains of 185.75 points, or 0.4 per cent, at 46,785.95. 

Meanwhile, the Nifty Smallcap100 ended with gains of nearly one per cent while the Nifty Midcap100 closed flat. 

"The mid- and small-cap space are outperforming as investors get bargaining opportunities, but volumes are low," he added.

Global Market

European stocks opened flat on Wednesday after closing at a record high in the previous session as investors awaited more economic data due this week, while H&M shares jumped on upbeat quarterly results. The pan-European STOXX 600 was steady at 511.07 as of 0816 GMT, hovering near a record high hit on Tuesday. Oil and gas shares were the biggest drag on the index, down 0.7 per cent, mirroring weak oil prices on rising US crude inventories.

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