MARKET UPDATE: Sensex gained over 50 points to trade around 61,254 levels while the Nifty50 traded flat above 18,100 levels
Published On: Thursday, May 4, 2023 | By: Team KnowMyStock
Indian markets started today's(4 May 2023) trade on a firm note, after the US Federal Reserve hiked interest rates by 25 basis points. Key indices Nifty50 traded flat above 18,100 levels, whereas the S&P BSE Sensex gained over 50 points to trade around 61,254 levels. Broader markets, also, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.5 percent.
Sectorwise, Nifty Metal, and Nifty PSU Bank indices gained the most, up to 0.7 per cent. On the flipside, Nifty Realty index lost up to 0.5 per cent.
Among individual stocks, shares of Titan gained over 1 per cent after net profit rose 40 per cent year-on-year (YoY) in the January-March quarter of FY23 (Q4FY23).
In addition, shares of ABB India surged over 3 per cent after Ebitda (earnings before interest, tax, depreciation, and amortisation) expanded to 11 per cent in Q4FY23.
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