MARKET UPDATE: Sensex advanced over 400 points, to quote at 60,500 levels, while the Nifty50stayed reclaimed the 18,000-mark
Published On: Tuesday, January 17, 2023 | By: Team KnowMyStock
Indian equity indices, which began today's(17 January 2023) trade on a muted note, moved quickly higher. The S&P BSE Sensex advanced over 400 points, after a flat start, to quote at 60,500 levels in mid-morning deals, while the Nifty50 stayed reclaimed the 18,000 mark. HUL, HCL Tech, L&T Reliance Industries, Tech M, and NTPC were the notable gainers on the 30-pack index as they gained between 0.3 percent and 2 percent. On the contrary, Tata Steel, Bajaj Finance, IndusInd Bank, Titan, M&M, Sun Pharma, and Axis Bank fell up to 0.85 percent, capping the upside.
In the broader market, the BSE MidCap and the BSE SmallCap indices underperformed the frontline indices by falling 0.1 per cent each.
Sector-wise, the Nifty IT index was the top gainer (up 0.54 per cent), while the Nifty Metal index was the worst hit (down 0.6 per cent).
Among individual stocks, shares of Reliance Industries and ONGC gained up to 0.85 per cent. In a late night notification on Monday, Centre announced a cut in its windfall tax on crude to Rs 1,900 ($23.28) per tonne from Rs 2,100 per tonne, effective Tuesday. In addition, shares of M&M fell 0.6 per cent after the company announced pricing for XUV400, its first electric SUV, at Rs 15.99 lakh.
Shares of Siemens zoomed over 3 per cent after it signed a Rs 26,000-crore contract to manufacture 1,200 electric freight locomotives for the Indian Railways.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
