Tag: subdued global cues

Indian markets edged lower in today's(27 February 2023) intra-day trading session, amid subdued global cues. Key indices Nifty50 declined over 50 points to trade below 17,400 levels, whereas the S&P BSE Sensex lowered over 300 points to trade around 59,151 levels. Broader markets, too, inched lower as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.4 percent. Read more

The BSE benchmark index, the Sensex, opened 138 points lower at 60,295, and soon extended losses in the opening trades on account of subdued global cues, a spike in crude oil prices, and persistent selling by foreign investors. At 09:20 AM, the BSE Sensex was down 428 points at 60,005. The NSE Nifty once again gave up the 18,000-mark and was down 121 points at 17,923. Index heavyweight, HDFC was down 1.5 percent at Rs 2,898. Kotak Bank, Axis Bank, ICICI Bank, SBI, and IndusInd Bank were the other prominent losers in the Sensex 30 stocks. On the other hand, Mahindra & Mahindra extended its upward move following the September quarter results. The stock was up 1.5 percent at Rs 807. The broader indices were slightly better-off, with the BSE Midcap index down 0.3 percent, and the Smallcap index almost unchanged.