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Stock Market LIVE Updates: Sensex, Nifty in green; SBI, Airtel, Tata Steel up 2%, Zee gives up initial gains.

ICICI Bank now at No. 2 position among BFSI in terms of market cap

Asian shares rise higher despite Omicron threat

Equities in other Asian markets rose on Wednesday tracking overnight gains on Wall Street, despite the increasing number of Omicron cases around the globe. MSCI’s broadest index of Asia Pacific shares outside Japan was up 0.6 percent at the last count.

Japan’s Nikkei 225 and China’s Shanghai Composite were up 0.1 percent each, and Hong Kong’s Hang Seng 0.9 percent. South Korea’s KOSPI was up 0.2 percent and Singapore’s Straits Times 0.1 percent.

Indian equity benchmarks- Sensex and Nifty50 started Wednesday’s sessionon a positive note tracking gains across global markets despite increasing cases of the Omicron variant of COVID-19. Gains across most sectors, led by financial, auto, metal and oil & gas stocks, pushed the headline indices higher. Broader markets also strengthened, with the Nifty Midcap 100 up 0.9 percent in early deals, and its smallcap counterpart up 1.5 percent. Ace investor Rakesh Jhunjhunwala-backed Metro Brands’ shares will be listed on BSE and NSE at 10 am.

Sensex surges over 450 points, Nifty tops 16,900 after positive opening

Both headline indices rose as much as 0.8 percent after a positive opening. The 30-scrip index rose as much as 470.8 points to 56,789.8 and the broader Nifty50 benchmark climbed to as high as 16,910.4, up 139.5 points from its previous close.

ICICI Bank now at No. 2 position among BFSI in terms of market cap

Currently, ICICI Bank’s market capitalisation stands at Rs 5,02,225 crore, and HDFC’s at Rs 4,59,177 crore.  As of July 23, ICICI’s mcap was at Rs 4,60,847.5 crore and HDFC’s at Rs 4,48,873.3 crore.

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