MARKET UPDATE: Sensex rose 250 points to 61,361, while the Nifty50 edged 74 points to 18,139 level
Published On: Tuesday, May 2, 2023 | By: Team KnowMyStock
Opening Bell: Indian equity markets opened with firm gains today(2 May 2023) buoyed by positive sentiment across Asian markets, following the takeover of fallen US lender First Republic Bank by JP Morgan Chase on Monday. The BSE Sensex rose 250 points to 61,361, and the NSE Nifty50 edged 74 points to 18,139 level. The broader markets, meanwhile, outweighed gains in the benchmarks. The BSE MidCap and SmallCap indices rose 0.7 percent each.
Nestle, L&T, Power Grid, Bajaj Finserv, NTPC, Wipro, Axis Bank led gains on the Sensex, while SBI Life, Coal India and ONGC were the top Nifty winners.
On the down side, Tata Motors, Kotak Bank, Sun Pharma, and Ultratech Cement were among the handful of laggards across the two indices.
Sector-wise, Nifty oil & gas, PSU bank and IT indices logged firm gains of 0.6-0.8 per cent, while the auto pocket was the only laggard, down 0.2 per cent.
RVNL surged 6 per cent on its JV bagging a project worth Rs 2,249 crore.
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