MARKET UPDATE: Sensex rose 250 points to 54,570, and Nifty slipped 70 points to 16,330
Published On: Wednesday, May 18, 2022 | By: Team KnowMyStock
The Indian key benchmark indices started today's(18 May 2022) session with mild gains amid mixed cues. The BSE Sensex rose 250 points to 54,570, and the NSE Nifty50 slipped 70 points to 16,330. Bharti Airtel, Infosys, Tech M, Wipro, Tech M, Dr. Reddy's, Sun Pharma, and Bajaj Finance were the top winners on the Sensex, rising up to 2 percent. Eicher Motors, Cipla, and SBI Life were the additional Nifty winners. On the downside, PowerGrid, NTPC, Tata Steel, Coal India, ONGC, Hindalco, JSW Steel, and Nestle were the top laggards on the benchmarks.
The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices rose up to 0.9 per cent.
Sector-wise, Metals, and Energy pack were subdued on the NSE, while IT, Pharma, and Financials strongly led gains, up to 1 per cent higher.
Among stocks, Indian Oil Corp fell over 2.5 per cent on reporting a 31.4 per cent drop in its Q4 net profit at Rs 6,021.88 crore due to a margin squeeze in petrochemicals and drop in auto fuel sales.
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