MARKET UPDATE: Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels


Published On: Thursday, May 25, 2023 | By:

MARKET UPDATE: Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels

Opening Bell: Indian markets started today's(25 ay 2023) trade on a weak note, amidst mixed global cues. Frontline indices the S&P BSE Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty Midcap 100, and Nifty Smallcap 100 indices slipped up to 0.2 percent. The volatility index, India VIX, declined by over 2 percent.

Sectorwise, Nifty FMCG, and Nifty Realty indices marched forward in trade, gaining up to 0.6 per cent. On the flipside, Nifty Metal, and Nifty Auto indices were subdued in trade.

Among individual stocks, shares of Nykaa gained over 1 per cent after the company rose by 33.7 per cent YoY to Rs 1,302 crore in Q4FY23.

In addition, shares of Life Insurance of Corporation (LIC) surged over 2 per cent after the company recorded standalone profit over 400 per cent YoY in Q4FY23.

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