MARKET UPDATE: Sensex surged over 100 points to reclaim 59,000-mark, whereas Nifty50 index surged over 30 points to trade above 17,350 levels


Published On: Monday, April 3, 2023 | By:

MARKET UPDATE: Sensex surged over 100 points to reclaim 59,000-mark, whereas Nifty50 index surged over 30 points to trade above 17,350 levels

Opening Bell: Indian markets edged higher in today's( 3 April 2023) trade, supported by gains across index-heavyweights like Maruti Suzuki, Bajaj Twins, Bharti Airtel, and Tata Steel, among others. Frontline indices the S&P BSE Sensex surged over 100 points to reclaim the 59,000 mark, whereas the Nifty50 index surged over 30 points to trade above 17,350 levels. Broader markets, too, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices rose up to 0.4 percent.

Sectorwise, Nifty Auto index gained the most - over 1 per cent, after auto companies logged robust sales momentum in March. Nifty IT, and Nifty FMCG indices, however, were bogged down in trade.

Among individual stocks, shares of Maruti Suzuki gained over 2 per cent after the automaker posted highest-ever sales for FY23 - 1.9 lakh units. In addition, shares of CSB Bank rallied 3 per cent after the lender reported a 21.39 per cent rise in total deposits for March quarter.


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