MARKET UPDATE: Nifty50 surged over 250 points to trade above 18,300 levels and the Sensex advanced over 1,000 points to hit 52-week high of 61,685 levels
Published On: Friday, November 11, 2022 | By: Team KnowMyStock
Opening Bell: Indian markets were driven higher by bulls in today's(11 November 2022) trade amid strong global cues coupled with a weaker dollar. Key indices Nifty50 surged over 250 points to trade above 18,300 levels and the S&P Sensex advanced over 1,000 points to hit a 52-week high of 61,685 levels. Broader markets, too, cheered in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed over 1 percent each. Volatility gauge, India VIX, meanwhile, slipped over 4 percent. All sectors swam in a sea of green, with the Nifty IT index leading at the forefront, up over 3 percent. Among individual stocks, shares of Zomato surged over 7 percent after the company's net loss narrowed to Rs 251 crore in Q2FY23.
Besides, shares of Adani Green gained over 2 per cent after the company's consolidated profit rose 49 percent YoY to Rs 149 crore for Q2FY23.
Rupee hits 7-week high: After a softer-than-expected US inflation report, the Indian rupee opened at 80.71/$ vs Thursday's close of 80.81/$, claiming a fresh seven-week high.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
