Heavyweights lead the way as Sensex and Nifty overcome early losses to trade higher

On February 22, the benchmark indexes saw a recovery from the day’s lows and began to trade higher as low-level purchasing was seen in a number of scrips, including important auto and metal names. The flagship indexes underperformed the overall market.

The Nifty was up 177 points, or 0.8 percent, to 22,226.20 at 3:15 pm, while the Sensex was up 500 points, or 0.6 percent, to 73,109.

The largest sectoral gainer was Nifty IT, which increased by more than 1%, followed by Nifty Metal, which increased by 1% as well. Nifty Bank was down 0.4 percent and was still in the red. Cuts were also seen in Nifty Financial Services’ trading.

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