MARKET UPDATE: Sensex gained 160 points to 62,050, and Nifty50 edged 47 points higher to 18,370


Published On: Friday, May 26, 2023 | By:

MARKET UPDATE: Sensex gained 160 points to 62,050, and Nifty50 edged 47 points higher to 18,370

Opening Bell: Indian equity benchmark indices opened with nominal gains today(26 May 2023) tracking overnight strength in the US markets. The BSE Sensex gained 160 points to 62,050, and the NSE Nifty50 edged 47 points higher to 18,370. The broader markets opened in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.3 percent.

Bajaj Finserv, Ultratech Cement, Tech M, Infosys, HCL Tech and NTPC led gains on the Sensex, while BPCL and Maruti were the top Nifty winners.

On the down side, Power Grid, Sun Pharma, IndusInd Bank, Axis Bank, Eicher Motors, Grsim were among the few frontline losers.

Among stocks, Praj Industries jumped 5 per cent after its board approved a 50:50 JV with Indian Oil to set up biofuel production units.

Sectorally, IT, Metal and PSB indices gained most, while Pharma pocket underperformed.


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