MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels
Published On: Wednesday, June 7, 2023 | By: Team KnowMyStock
Opening Bell: Indian markets opened higher in today's(7 June 2023) trade, amidst mixed global cues. Frontline indices the S&P BSE Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels. Broader markets, too, exhibited strength as they outperformed benchmark indices. Nifty Midcap 100, and Nifty Smallcap 100 indices climbed up to 0.5 percent.
Sectorally all sectors started trade in positive territory, with Nifty IT, Nifty Realty, and Nifty Consumer Durables indices gaining up to 0.4 per cent.
Among individual stocks, shares of Torrent Power soared 9 per cent after the company signed an MoU with the Government of Maharashtra to develop three pumped storage hydro projects of 5,700 MW capacity.
In addition, shares of Seshasayee Paper declined over 1 per cent after the stock turned ex-dividend today.
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