MARKET UPDATE: Sensex lowered over 300 points to trade at 60,497 levels and the Nifty50 declined over 50 points to trade below 18,050 levels
Published On: Friday, December 23, 2022 | By: Team KnowMyStock
Opening Bell: Indian markets opened lower today(23 December 2022) amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,050 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 60,497 levels. Broader markets, too, followed the trend as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 1 percent. Volatility gauge, India VIX, meanwhile, climbed over 3 percent.
Sector-wise excluding Nifty Pharma index, all sectors drowned in the sea of red, with Nifty Media, Nifty Metal, and Nifty PSU Bank indices declining the most.
Among individual stocks, shares of S Chand and Company fell over 2 per cent after the company decides to sell entire stake in iNeuron to PhysicsWallah for Rs 14 crore. In addition, shares of India Cements declined over 2 per cent after trade regulator CCI conducted search operations in its Chennai office.
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