MARKET UPDATE:Sensex down 11 points to 55,257 and the Nifty around the previous close at 16,472
Published On: Wednesday, July 27, 2022 | By: Team KnowMyStock
OPENING BELL: The Indian markets opened flat today(27 July 2022) tracking global peers that were also subdued. The BSE Sensex was down 11 points to 55,257 and the NSE Nifty50 was around the previous close at 16,472. L&T, Maruti, M&M, Power Grid, Asian Paints, TCS, and Ultratech Cement were the top Sensex winners, while Bharti Airtel, Dr. Reddy's, Titan, Kotak Bank, and HUL led losses. The broader markets also suffered losses. The BSE MidCap and SmallCap indices were up to 0.3 percent lower. Sector-wise, Nifty consumer durables slipped the most, down over 1 percent. All other pockets also turned negative soon after opening. Nifty IT was flat.
Among stocks, Shoppers Stop surged over 10 per cent after the company was back in black in Q1Fy23, reporting a consolidated net profit of Rs 22.83 crore vs a net loss of Rs 104.89 crore a year ago.
Sanofi India fell 3 per cent. Is Q1 sales declined 11.38 per cent to Rs 699.30 crore, and net profit fell 32.5 per cent to Rs 120.40 crore from a year-ago.
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