MARKET UPDATE: Sensex down 250 points to 54,100, while Nifty climbed 60 points to 16,170
Published On: Wednesday, May 11, 2022 | By: Team KnowMyStock
The markets in India turned negative in early deals today(11 May 2022) as selling pressure built up in IT and FMCG counters. In tune with the global markets ahead of key macro-economic data the key indices are choppy in trade. The US is slated to release its April inflation numbers later today, while China's factory and consumer prices for the month have come above estimates. China's consumer price index (CPI) for April grew 0.4 percent month-on-month compared to 0.6 percent in March due to Covid-19 induced supply disruptions. The BSE Sensex was down 250 points to 54,100, while the NSE Nifty climbed 60 points to 16,170.
In the broader markets, the BSE MidCap and SmallCap indices also gained up to 0.9 per cent.
Sector-wise, Metal, Financial, Realty and Energy indices on the Nifty led gains, rising up to 1.5 per cent. On the flip side, defensive plays such as IT, FMCG and Pharma were all muted.
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