MARKET UPDATE: Sensex fell 300 points to 62,542, and the Nifty slipped 80 points to 18,619


Published On: Tuesday, December 6, 2022 | By:

MARKET UPDATE: Sensex fell 300 points to 62,542, and the Nifty slipped 80 points to 18,619

The Indian frontline indices held early losses today(6 December 2022) after global stocks declined as a hotter-than-expected US services activity raised bets for continued rate hikes by the Federal Reserve. The BSE Sensex fell 300 points to 62,542, and the NSE Nifty50 slipped 80 points to 18,619. The broader markets, too, opened weakly. The BSE MidCap was down 0.16 percent, and the SmallCap index was flat. Sectorwise, Nifty IT slipped the most with a loss of 0.9 percent, followed by the metal index, while the PSB pocket was the sole winner, up 0.8 percent. Among stocks, IRB Infrastructure Developers rose over 3 percent after its yearly toll collections came 39 percent higher at Rs 366 crore.

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