MARKET UPDATE: Sensex dropped over 300 points to trade at 60,608 levels and the Nifty50 declined over 50 points to trade below 18,050 levels
Published On: Thursday, December 29, 2022 | By: Team KnowMyStock
Opening Bell: Indian markets opened lower in today's(29 December 2022) trade amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,050 levels, whereas the S&P BSE Sensex dropped over 300 points to trade at 60,608 levels. Broader markets, too, lost in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.4 percent. Volatility gauge, India VIX, climbed over 1 percent. Sector-wise barring the Nifty Pharma index, which held marginal gains in a weak market, all sectors plunged into the sea of red.
Among individual stocks, shares of McLeod Russel surged over 3 per cent as it is in the process of negotiating with "multiple investors" to monetise assets and infuse fresh capital. In addition, shares of Ashok Leyland gained over 2 per cent after the company bagged projects worth Rs 754.57 crore.
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