MARKET UPDATE: Sensex rose 330 points to 61,890, and Nifty50 gained 72 points to 18,266
Published On: Thursday, May 18, 2023 | By: Team KnowMyStock
Indian equity benchmark indices held substantial gains in today's(18 May 2023) trade in line with strength in global equities in hopes that a deal to lift the US debt ceiling will soon be reached. The BSE Sensex rose 330 points to 61,890, and the NSE Nifty50 gained 72 points to 18,266. The broader markets opened in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.5 percent.
Axis Bank, ITC, HDFC twins, Bajaj Finance and Tata Steel extended gains and rose 1 per cent each on the BSE, leading Sensex gains.
Sector-wise, Nifty Financials and Metal indices led wins, rising around 1 per cent each. Oil & Gas pocket was the only underperformer, down 0.2 per cent.
Among stocks, Restaurant Brands Asia surged 5 per cent amid reports Everstone is looking to sell its entire stake in the company. Jubilant Foods is among the contendors to buy the said stake.
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