MARKET UPDATE: Sensex fell 200 points to 62,770, and the Nifty50 slipped 62 points to 18,573
Published On: Wednesday, May 31, 2023 | By: Team KnowMyStock
Opening Bell: Indian equity benchmark indices opened with cuts today(31 May 2023) tracking losses in Asian equities ahead of the key vote in the US Congress on raising the borrowing limit. The BSE Sensex fell 200 points to 62,770, and the NSE Nifty50 slipped 62 points to 18,573. The BSE MidCap and SmallCap indices, meanwhile, held relative strength against benchmarks. The former was down 0.1 percent, and the latter was flat.
Sector-wise, Nifty Metal, PSB, Oil & Gas and Financial indices sank around 1 per cent each. IT and Pharma pockets bucked the trend and gained up to 0.5 per cent.
SBI, Reliance, Tata Steel, IndusInd Bank, HDFC, ITC led losses on the Sensex, while Adani Enterprises and Coal India were the top Nifty losers.
On the down side, Tata Motors, Asian Paints, HCL Tech, Sun Pharma, Bharti Airtel were among the few frontline gainers. Among other stocks, Torrent Pharma zoomed 6 per cent on posting net profit of Rs 287 crore in Q4 versus a loss of Rs 118 crore a year ago.
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