MARKET UPDATE: Sensex rose 170 points to 61,936 while the Nifty50 moved 50 points higher to 18,315
Published On: Tuesday, May 9, 2023 | By: Team KnowMyStock
Opening Bell: The Indian equity benchmark indices opened with nominal gains today(09 May 2023) as global markets remained mixed. The BSE Sensex rose 170 points to 61,936, and the NSE Nifty50 moved 50 points higher to 18,315. The broader markets, meanwhile, firmly outperformed gains in the benchmark. The BSE MidCap and SmallCap indices rose up to 0.7 percent versus a 0.2 percent gain in the BSE Sensex.
Bajaj Finserv, Ultratech Cement, IndusInd Bank, L&T, Titan and Tata Steel led gains on the Sensex, moving up to 1 per cent higher while Adani Enterprises, Coal India and HDFC Life were the top Nifty winners.
On the down side, HCL Tech, Sun Pharma, Infosys, HUL, UPL and Hindalco were among the few frontline laggards.
Among stocks, Kansai Nerolac Paints surged 7 per cent on reporting a five-fold jump in Q4 profit to Rs 96 crore. The company's board also approved a bonus issue of 1:2.
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