MARKET UPDATE: Sensex fell 120 points to 60,545 and quickly turned flat while the Nifty50 slipped 26 points to 17,846
Published On: Thursday, February 9, 2023 | By: Team KnowMyStock
Indian Equity benchmark indices held nominal losses in today's (9 February) early trade following hawkish commentary from Fed officials in the US. The BSE Sensex fell 120 points to 60,545 and quickly turned flat, while the NSE Nifty50 slipped 26 points to 17,846. Bajaj Finance, L&T, TCS, Infosys, Asian Paints, Power Grid, HDFC Bank, Hindalco, and Tata Steel led gains across the two frontline indices. On the flip side, Adani Enterprises, Adani Ports, Maruti, Tech M, Tata Motors, M&M, Airtel, and Ultratech Cement dipped.
The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were around 0.07 per cent higher.
Sectorally, Nifty Metal slipped the most by over 1 per cent, followed by auto and oil & gas pockets, while IT and pharma indices held marginal gains.
Among stocks, Adani group scrips came under renewed selling pressure after MSCI received feedback from market particpants on concerns related to the eligibility and free float determination of stocks. It said it is reviewing the free float status as certain investors should no longer be designated as free float. Adani Enterprises tanked 15 per cent, Adani Ports and Ambuja Cements 6 per cent, Adani Transmission and Adani Power 5 per cent.
Trent rose over 5 per cent on reporting a nearly 20 per cent year-on-year growth in consolidated profit at Rs 167 crore for Q3.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
