MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels
Published On: Thursday, June 8, 2023 | By: Team KnowMyStock
Opening Bell: Indian markets started on a positive note today( 8 June 2023), ahead of the Reserve Bank of India's (RBI) monetary policy decision. Frontline indices the S&P BSE Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels. Broader markets, however, outperformed benchmark indices as Nifty Midcap 100, and Nifty Smallcap 100 indices surged up to 0.3 percent.
Sectorwise, Nifty PSU Bank, Nifty Auto, and Nifty Consumer Durables led the charge as they climbed up to 0.4 per cent. Nifty IT index, on the contrary, slipped 0.3 per cent.
Among individual stocks, shares of Tata Motors advanced over 1 per cent to hit 52-week high of Rs 576 per share, after global brokerage firm Goldman Sachs initiated 'buy' call on the counter.
In addition, shares of Zydus Lifesciences surged over 1 per cent after US health regulator gave final approval to Tadalafil tablets.
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