MARKET UPDATE: Sensex advanced over 400 points to trade around 58,078 levels while Nifty50 climbed over 100 points to trade above 17,100 levels
Published On: Friday, March 17, 2023 | By: Team KnowMyStock
Indian markets were higher in today's( 17 March 2023) trade, amid strong global cues. Key indices Nifty50 climbed over 100 points to trade above 17,100 levels, whereas the S&P BSE Sensex advanced over 400 points to trade around 58,078 levels. Broader markets, too, edged higher in the trade as Nifty MidCap 100 and Nifty Smallcap 100 indices surged up to 0.9 percent. The volatility index, India VIX, meanwhile, slipped over 5 percent.
Sectorally barring Nifty Media index, all other sectoral indices swimmed in the sea of green. Nifty Metal, and Nifty PSU Bank indices led the charge.
Among individual stocks, shares of Tata Consultancy Services (TCS) dropped 1 per cent to hit 1-month low after Managing Director and Chief Executive Officer Rajesh Gopinathan tendered his resignation. In addition, shares of Hindustan Aeronautics (HAL) surged over 4 per cent after Defence Acquisition Council (DAC) cleared weapons procurement for capital acquisitions worth Rs 70,500 crore.
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