MARKET UPDATE:Sensex was flat at 59,707 levels, while Nifty50was flat below 17,800 levels
Published On: Wednesday, September 21, 2022 | By: Team KnowMyStock
Indian markets were flat on today's(21 September 2022) intra-day trade ahead of the US Federal Reserve's interest rate outcome. Key indices Nifty50 were flat below 17,800 levels and the S&P BSE Sensex was flat at 59,707 levels. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 climbed up to 0.4 percent. All sectors traded on a volatile note as they swung between gains and losses. Nifty FMCG and Nifty Media indices climbed over 1 percent. On the other hand, Nifty Bank, Nifty Energy, and Nifty Realty indices were bogged down in trade.
While Hindustan Unilever, Nestle India, L&T, M&M, Tata Steel, attempted to trim losses for the benchmark indices; Infosys, IndusInd Bank, TCS, HDFC mounted pressure on the indices.
Among individual stocks, shares of Central Bank of India soared 15 per cent after the RBI removed the public sector lender from its PCA framework.
Besides, shares of GPT Infraprojects hit 52-week high of Rs 131 per share as the board plans to mull proposal for issue of bonus equity shares on September 29.
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