MARKET UPDATE: Sensex dropped over 250 points to trade around 61,048 levels while the Nifty50 declined over 50 points to trade below 18,000 levels
Published On: Friday, February 17, 2023 | By: Team KnowMyStock
Opening Bell: Indian markets opened lower in today's(17 February 2023) trade, as global sentiments turned negative on rate hike concerns. Key indices Nifty50 declined over 50 points to trade below 18,000 levels, whereas the S&P BSE Sensex dropped over 250 points to sell around 61,048 levels. Broader markets, too, fell in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.4 percent. Volatility gauge, India VIX, meanwhile, rose 1 percent.
Sectorally, garring Nifty Metal index, all other sectors plunged in the sea of red. Nifty IT, Nifty Pharma, and Nifty PSU Bank indices declined the most, up to 0.7 per cent.
Among individual stocks, shares of RailTel Corporation gained over 2 per cent after the company bagged Rs 27.07 crore worth of order from Bangalore Metro Rail. In addition, shares of RPP Infra Projects soared over 9 per cent after the company secured a new order worth Rs 59.92 crore.
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