MARKET UPDATE: Nifty50 declined over 50 points to trade below 18,100 levels, whereas the Sensex tumbled over 400 points to trade below 61,000 levels
Published On: Thursday, November 10, 2022 | By: Team KnowMyStock
Opening Bell: Indian markets were weighed down by Bears in today's( 10 November 2022) trade amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,100 levels, whereas the S&P BSE Sensex tumbled over 400 points to trade below 61,000 levels. Broader markets, too, slipped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.7 percent. Volatility gauge, India VIX, meanwhile, gained over 1 percent. Barring the Nifty Pharma index, all sectors plunged into negative territory, with the Nifty Auto index declining the most, over 1 percent.
Among individual stocks, shares of Lupin surged over 7 per cent after the pharma major reported consolidated net profit to Rs 130 crore in Q2FY23.
Besides, profit-booking was seen in Tata Motors as shares slipped over 4 per cent after the automaker's consolidated net loss narrowed to Rs 944.6 crore in Q2FY23.
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