MARKET UPDATE: Sensex advanced over 250 points to trade at 61,592 levels and the Nifty50 climbed over 50 points to trade above 18,300 level
Published On: Monday, December 19, 2022 | By: Team KnowMyStock
Indian markets inched higher in today's( 19 December 2022) intra-day trade, supported by gains across index-heavyweights like ITC, Hindustan Unilever, Bajaj Twins, Maruti Suzuki, and Bharti Airtel. Key indices Nifty50 climbed over 50 points to trade above 18,300 levels, whereas the S&P BSE Sensex advanced over 250 points to trade at 61,592 levels. Broader markets were mixed as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Sectorwise, Nifty PSU Bank, Nifty IT, and Nifty Pharma indices were muted in trade. However, Nifty FMCG and Nifty Media indices gained up to 0.8 percent.
Among individual stocks, shares of sugar companies were on a roll as they rallied up to 20 per cent for a second straight trading day on the back of heavy volumes. Besides, shares of Spandana Sphoorty gained over 1 per cent as the board plans to mull fund raise on Wednesday, December 21.
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