MARKET UPDATE:Sensex added 76 points to quote at 60,084 levels while Nifty hovered around 17,900-mark
Published On: Thursday, November 18, 2021 | By: Team KnowMyStock
Indian benchmark indices started higher on Dalal Street today(18th Nov.2021) amid gains in PSU Bank, FMCG, and metal stocks. The S&P BSE Sensex added 76 points, or 0.13 percent, to quote at 60,084 levels in early deals while the Nifty50 hovered around 17,900-mark. In the broader markets, the BSE SmallCap index extended its outperformance into the third day, up 0.32 percent. Among individual stocks, ITC rose 1 percent and was the top performer on the Sensex index, followed by SBI, Asian Paints, Power Grid, and Titan Company. On the downside, M&M was the biggest laggard, down 1.2 percent. Shares of Vedanta, meanwhile, slipped around 2 per cent on the Nifty on profit booking after the company said it has appointed a committee of directors to evaluate and recommend a range of options and alternatives, including demergers, spin-offs, or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses.
In the broader market space, shares of Zomato advanced over 2 per cent as it has completed closure of its UK-arm, Zomato UK. Further, according to reports, the food-delivery firm is in talks to invest as much as $500 million in Grofers.
Phoenix Mills shares also jumped 2 per cent after Canada Pension Plan Investment Board (CPPIB) completed its first tranche of investment worth Rs 787 crore in the company's subsidiary.
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