Taking Stock:Market ends FY23 on a high;Sensex gains 1031 points, Nifty ends around 17,350.

Taking Stock:Market ends FY23 on a high;Sensex gains 1031 points, Nifty ends around 17,350.

Ira Singh
31 Mar’23

The Indian benchmark indices posted healthy gains on the last day of the financial year 2022-23 and extended the winning streak to the second day, closing more than a percent higher on March 31.
At close, the Sensex was up 1,031.43 points, or 1.78 percent, at 58,991.52, and the Nifty was up 279.10 points, or 1.63 percent, at 17,359.80.
In FY23, the Sensex was up 0.72 percent, while the Nifty was down 0.6 percent.
For the week, the Sensex and the Nifty added 2.5 percent each but remained flat for the month of March

In the quarter ended March 31, 2023, the Sensex declined 3 percent and the Nifty took a bigger knock of 4 percent.

Stocks and Sectors

All sectoral indices ended in the green. The information technology index up 2.5 percent, while auto, bank, FMCG, capital goods, realty and oil & gas up a percent each.

Top gainers on the Nifty included Reliance Industries, Nestle India, Infosys, ICICI Bank and Tata Motors, while losers included Apollo Hospitals, Adani Ports, Sun Pharma, Asian Paints and Bajaj Finance.

The BSE midcap and the smallcap indices rose 1 percent each.