MARKET UPDATE: Sensex was at 61,177, up 9 points, while the Nifty50 tested 18,200 level
Published On: Tuesday, January 3, 2023 | By: Team KnowMyStock
Indian benchmark indices erased early losses and were flat in today's(3 January 2023) intra-day deals. The S&P BSE Sensex was at 61,177, up 9 points, while the Nifty50 tested the 18,200 level. HDFC Life, Bajaj Finance, Axis Bank, Cipla, Tata Motors, Divis Labs, and SBI were the top Nifty50 gainers as they rose up to 3 percent. On the flip side, ONGC, JSW Steel, Tata Steel, Reliance Industries, ITC, and Bharti Airtel, which fell from 0.4 percent to 1 percent, weighed on the index.
In the broader markets, the BSE MidCap and SmallCap indices outperformed the mainstream indices by rising 0.4 per cent each.
Sector wise, key sectoral trends, the Nifty PSU Bank index (up 1.45 per cent) was the top performing index in today's trade, while the Nifty Metal index fell the most, down 0.4 per cent.
Individually, shares of Reliance Industries, ONGC, and Oil India fell over 1 per cent each after the government hiked windfall tax on crude oil to Rs 2,100 per tonne from Rs 1,700 with effect from January 3. Export tax on diesel rose to Rs 7.5 per litre. In addition, shares of Zomato declined 2.5 per cent after its co-founder and chief technology officer Gunjan Patidar quit the food aggregator platform.
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