MARKET UPDATE: Sensex lowered over 100 points to trade below 61,000 levels and Nifty50 declined over 20 points to trade flat below 18,140


Published On: Wednesday, November 2, 2022 | By:

MARKET UPDATE:  Sensex lowered over 100 points to trade below 61,000 levels and Nifty50 declined over 20 points to trade flat below 18,140

Key indices Nifty50 declined over 20 points to trade flat below 18,140 and the S&P BSE Sensex lowered over 100 points to trade below 61,000 levels. Broader markets, however, were fractionally higher as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.2 percent. All sectors shifted between gains and losses, with Nifty Pharma and Nifty Media indices advancing over 1 percent each. Nifty IT, Nifty Auto, and Nifty PSU Bank indices, however, slipped up to 0.4 percent. Among individual stocks, shares of LIC Housing Finance plunged 13 percent after the company reported a disappointing set of numbers in Q2FY23. Besides, shares of Karnataka Bank soared over 17 percent after net profit grew 228 percent YoY (an all-time quarterly high) to Rs 411.5 crore in Q2FY23.

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