MARKET UPDATE: Sensex climbed over 300 points to hit a high of 60,071 levels and Nifty50 climbed over 50 points to trade above 17,800 levels
Published On: Friday, October 28, 2022 | By: Team KnowMyStock
Indian equity markets edged higher in today's (28 October 2022) intra-day trade, supported by gains across index-heavyweights like Reliance Industries, Maruti Suzuki, Hindustan Unilever, and Bajaj Twins. Key indices Nifty50 climbed over 50 points to trade above 17,800 levels and the S&P BSE Sensex climbed over 300 points to hit a high of 60,071 levels The broader markets, however, were subdued in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. All sectors shifted between gains and losses. Nifty Oil & Gas, Nifty Auto, and Nifty FMCG indices led the charge as they surged up to 1 percent. Nifty Metal index, however, was the worst sectoral performer as it declined over 1 percent.
Among individual stocks, shares of Maruti Suzuki gained over 1 per cent ahead of the July-September quarter (Q2FY23) results due on Friday, October 28 while profit-booking was seen in SBI Cards as shares plunged over 7 per cent after the company reported 52 per cent YoY jump in net profit to Rs 526 crore in Q2FY23.
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