MARKET UPDATE: Sensex lowered over 100 points to trade below 60,000 levels, while the Nifty50 declined over 30 points to trade below 17,900 levels
Published On: Wednesday, January 11, 2023 | By: Team KnowMyStock
Opening bell: Indian markets opened lower in today's(11 January 2023) trade amid tepid foreign flows and rising oil prices. Key indices Nifty50 declined over 30 points to trade below 17,900 levels, whereas the S&P BSE Sensex lowered over 100 points to trade below 60,000 levels. Broader markets, also, were mixed as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index.
Sector-wise, Nifty IT, Nifty Media, and Nifty Metal indices were off to a decent start as they surged up to 0.5 per cent. Nifty FMCG, and Nifty Realty indices, however, declined the most, up to 0.2 per cent.
Among individual stocks, shares of Adani Wilmar gained over 2 per cent after the company saw strong volume growth in Q3 business update. Also, shares of Uttam Sugar Mills surged over 5 per cent after the company increased its distillery capacity for ethanol at Barkartpur plant.
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