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The two key equity benchmarks, Sensex and Nifty, erased early losses on Monday and began trading in the green. At 9.40 am, the BSE Sensex went up 201 points to 61,931, while the NSE Nifty50 was trading at 18,260, up 68 points.
On the 30-share Sensex platform, NTPC, PowerGrid, Infosys, Wipro, TechM, L&T were among the winners. On the downside, Airtel, IndusInd Bank, Nestle, Asian Paints, Axis Bank, ICICI Bank emerged early losers.
#ABPLiveStockMarketWatch | Sensex and Nifty erased early losses on Monday and turned positive.
At 09:46 AM, #Sensex went up by 226 points to 61,956 & #Nifty by 70 points to 18,274
Here’s a look at the stocks in focus:#StockMarket #StockMarketPrices #Trading #Stock pic.twitter.com/nfYMV2bH1c
— ABP LIVE (@abplive) May 22, 2023
Among individual stocks, shares of Zomato surged over 1 per cent after the company’s net loss narrowed to Rs 187.60 crore in Q4FY23. Siemens plunged over 8 per cent after the company approved sale of low voltage motors and geared motors businesses to a Siemens AG subsidiary, Siemens Large Drives India, for Rs 2,200 crore.
India VIX, the volatility gauge, jumped over 3 per cent.
In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices fell up to 0.2 per cent.
Sectorwise, Nifty IT, Nifty Metal, and Nifty Consumer Durables index were in the positive zone, gaining up to 0.5 per cent, while Nifty Media and Nifty Private Bank indices were the worst hit.
In the previous session on Friday, the S&P BSE Sensex ended 298 points higher at 61,730, while the NSE Nifty 50 settled at 18,203, up 73 points.
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