MARKET UPDATE:Sensex declined over 400 points to trade at 59,533 levels, while Nifty50 opened over 100 points lower to trade below 17,800 levels
Published On: Friday, September 16, 2022 | By: Team KnowMyStock
Opening Bell: Indian equity markets opened lower today(16 September 2022) amid weak global cues. Frontline indices Nifty50 opened over 100 points lower to trade below 17,800 levels and the S&P BSE Sensex declined over 400 points to trade at 59,533 levels. Low-risk appetite instilled weakness in broader markets too, as Nifty Midcap 100 and Nifty Smallcap 100 dropped up to 0.3 percent. Tech Mahindra, M&M, Wipro, Maruti Suzuki, Infosys, and TCS, contributed to the sharp cuts in benchmark indices. Sun Pharma, Bajaj Finance, and Asian Paints, however, helped trim losses. All sectors plunged in the sea of red - Nifty Auto, Nifty Metal, and Nifty IT indices slipped the most, over 1 percent.
Among individual stocks, shares of Tata Metaliks gained 1 per cent in a weak market after the Phase-1 launch of their ductile iron pipe plant at Kharagpur.
Besides, shares of IndusInd Bank gained 1 per cent after the bank re-appointed Sumant Kathpalia as its MD and CEO.
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