MARKET UPDATE:Sensex at 58,822 levels and the Nifty50 rose 18 points to trade above 17,500 levels
Published On: Wednesday, August 10, 2022 | By: Team KnowMyStock
Opening Bell: The Indian markets opened flat in today's(10 August 2022) trade on the BSE amid weak global cues. Frontline indices Nifty50 rose 18 points to trade above 17,500 levels, whereas the S&P BSE Sensex was at 58,822 levels. Broader markets, however, were positive in the trade as Nifty Midcap 100 and Nifty Small Cap 100 gained up to 0.2 percent. Nestle India, Sun Pharma, ICICI Bank, Power Grid, and Bharti Airtel were the top contributors to benchmark indices. Sectorally, Nifty led Auto and Nifty FMCG indices led the charge. Nifty IT and Nifty Realty, however, were bogged down in trade.
Among individual stocks, shares of Bharti Airtel gained over 1 per cent after the telecom operator reported a five-fold jump in consolidated net profit year-on-year (YoY) to Rs 1,607 crore in Q1FY23.
Besides, shares of Delhivery shed over 5 per cent after the logistics firm net loss widened to Rs 399 crore in Q1FY23.
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