Midday Market Update: Sensex, Nifty Swing To Gains; Adani Ports, Apollo Hospitals, L&T Gain

India's stock benchmarks swung to gains in a volatile session, aided by rise in capital goods, industrials, realty, telecom.

Anjali Rai

02 Sep 2022, 01:44 PM IST

<div class="paragraphs"><p>Midday Market Update: Sensex, Nifty Swing To Gains; Adani Ports & SEZ, Apollo Hospitals, L&T Gain. (Photo: <a href="https://unsplash.com/@nick604?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Nick Chong</a>/<a href="https://unsplash.com/s/photos/stock-market?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>)</p></div>

Midday Market Update: Sensex, Nifty Swing To Gains; Adani Ports & SEZ, Apollo Hospitals, L&T Gain. (Photo: Nick Chong/Unsplash)

India's stock benchmarks swung to gains in a volatile session, aided by a rise in capital goods, industrials, real estate, and telecom stocks. The rise comes amid a lockdown in Chengdu, China; a recovery in U.S. markets ahead of Friday's jobs data; and a slide in crude oil prices.

The Sensex gained 100 points or 0.18% to 58,870.91 on the BSE. The Nifty 50 advanced over 0.1% to 17,565.10 on the NSE. Among Nifty 50 constituents, 27 stocks rose while 23 fell. Adani Ports & Special Economic Zone Ltd., Apollo Hospitals Enterprise Ltd., Larsen & Toubro Ltd., HDFC Life Insurance Company Ltd., and ITC Ltd. were among the top Nifty gainers.

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The broader indices outperformed their larger peers, with mid and small cap indices rising over 0.3%. Fourteen of the 19 sectoral indices compiled by BSE Ltd advanced, with industrials and capital goods gauges gaining over 1%.

The market breadth is skewed in favour of the bulls. About 1,920 stocks rose, 1,381 fell, and 151 remained unchanged.