Home Business Stock Market Trades Flat: Sensex Sinks 194 Points, Nifty Holds 17,800. IT Stocks Drag

Stock Market Trades Flat: Sensex Sinks 194 Points, Nifty Holds 17,800. IT Stocks Drag

by admin

The 2 key fairness benchmarks, Sensex and Nifty, on Monday opened flat forward of January inflation information. At 9.30 am, the S&P BSE Sensex slipped 194 factors to 60,488. Then again, the NSE Nifty50 was buying and selling at 17,809, down 47 factors.

On the 30-share Sensex platform, Infosys, Bajaj Finance, TCS, TechM, Wipro, HDFC had been within the pink in early morning commerce. On the flip facet, Titan, Tata Metal, PowerGrid, L&T, Airtel, and NTPC emerged winners.

Amongst particular person shares, shares of Oil India rallied 8 per cent after the corporate reported the highest-ever quarterly web revenue of Rs 1,746.10 crore in Q3FY23. Shares of Glenmark Pharma surged over 3 per cent after the corporate reported 21.3 per cent rise in consolidated revenue after tax at Rs 290.8 crore in Q3FY23.

Within the broader markets, Nifty MidCap 100 and Nifty SmallCap 100 indices declined as much as 0.3 per cent.

Volatility index, India VIX, in the meantime, jumped 3 per cent.

Sectorwise, Nifty Steel and Nifty Auto indices had been off to a optimistic begin, whereas Nifty IT index was the worst hit because it lowered as much as 0.7 per cent.

Within the earlier session on Friday, the S&P BSE Sensex fell 124 factors (0.2 per cent) to finish at 60,682. Then again, the NSE Nifty50 closed at 17,857, down 37 factors (0.2 per cent).

Source link

You may also like

Leave a Comment