MARKET UPDATE: Sensex slipped over 150 points to hit day's low of 61,587 levels and Nifty declined over 40 points to trade below 18,300 levels
Published On: Friday, November 18, 2022 | By: Team KnowMyStock
Indian equity markets erased early gains and turned volatile in today's(18 November 2022) intra-day trade amid mixed global cues and softened crude oil prices. Key indices Nifty50 declined over 40 points to trade below 18,300 levels, whereas the S&P BSE Sensex slipped over 150 points to hit the day's low of 61,587 levels. Broader markets, too, joined the weak market mood as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.1 percent. The volatility index, India VIX, meanwhile, slipped over 2 percent. sector-wise all sectors shifted between gains and losses. While Nifty PSU Bank, Nifty Media, and Nifty Bank indices gained up to 1 percent in trade; Nifty Auto, Nifty FMCG, and Nifty IT indices dropped up to 0.5 percent.
In individual stocks, shares of Nykaa gained over 3 per cent after TPG Capital offloaded shares worth Rs 1,000 crore via block deal today.Also, shares of TCPL Packaging rallied 16 per cent to hit a record high of Rs 1,650.30 apiece on healthy business outlook.
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