MARKET UPDATE: Sensex quoted at 61,100, down 194 points, while the Nifty50 dipped 55 points to trade at 18,177
Published On: Wednesday, January 4, 2023 | By: Team KnowMyStock
Indian equities started flat, but turned sharply lower, in today's ( 4 January 2023) early deals as investors await the minutes of the US Fed's latest policy meeting due later today. The S&P BSE Sensex quoted at 61,100, down 194 points or 0.32 percent, while the Nifty50 dipped 55 points, or 0.3 percent, to trade at 18,177. In the broader markets, the BSE MidCap and SmallCap indices fell up to 0.5 percent. Sector-wise, all but the pharma index was down in the dump. The Nifty Metal and Realty indices lost over 1 percent each.
Individually, shares of IndusInd Bank gave up gains after rising 2.4 per cent in opening deals. The private lender posted 19 per cent year-on-year (YoY) increase in net advances, at Rs 2.7 trillion, at the end of December 31, 2022.
Meanwhile, those of Avenue Supermarts (DMart) fell 2 per cent even as the company's standalone revenue from operations for the quarter ended December 31, 2022 (Q3FY23) stood at Rs 11,304.58 crore relative to revenue of Rs 9,065.02 crore at the end of Q3FY22.
Shares of Orient Cement, surged 4 per cent amid media reports that Adani Group is in talks to buy promoter stake in the company.
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