Thursday, April 13, 2023
Opening Bell: The key benchmark indices started today's(13 April 2023) session with minor cuts tracking weakness across global markets after the FOMC minutes showed that officials expect a mild recession in the US later this year. The BSE Sensex fell over 120 points to the 60,280 level and the NSE Nifty50 slipped 21 points to below 17,800.
IndusInd Bank, Infosys, HCL Tech, Tech M, TCS, and Wipro led the losses on the Sensex, dropping 1-2.5 percent. On the flip side, M&M, Power Grid, RIL, Asian Paints, and Tata Steel held gains of 0.4-1 percent.
The broader markets, meanwhile, outperformed the benchmarks. The BSE MidCap and SmallCap indices rose up to 0.23 percent.
Sectorwise, the IT index dropped over 1 percent as weak results of TCS dampened overall sentiment in the pack. Other indices held nominal gains.
