MARKET UPDATE: Sensex recovered over 350 points to claim day's high of 61,942 levels, whereas Nifty50 recouped over 100 points to scale day's high of 18,281 levels
Published On: Monday, May 22, 2023 | By: Team KnowMyStock
Indian markets wiped off early losses and turned positive in today's(22 May 2023) intra-day trade. Benchmark indices the S&P BSE Sensex recovered over 350 points to claim the day's high of 61,942 levels, whereas Nifty50 recouped over 100 points to scale the day's high of 18,281 levels. The strength spilled to broader markets too, with Nifty Midcap 100, and Nifty Smallcap 100 indices advancing up to 0.2 percent. Meanwhile, India VIX's volatility gauge moderated to 1 percent from the day's 3 percent.
Sectorwise, Nifty IT, Nifty Metal, and Nifty Consumer Durables index marched forward in trade, gaining up to 1 per cent. On the contrary, Nifty Media, and Nifty Private Bank indices were the worst hit.
Among individual stocks, shares of Zomato surged over 1 per cent after the company’s net loss narrowed to Rs 187.60 crore in Q4FY23.
Besides, shares of Siemens tumbled over 8 per cent after the company approved sale of low voltage motors and geared motors businesses to a Siemens AG subsidiary - Siemens Large Drives India -- for Rs 2,200 crore.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
