MARKET UPDATE: Sensex lowered over 300 points to trade at 61,480 levels and the Nifty50 declined over 50 points to trade below 18,350 levels


Published On: Friday, December 16, 2022 | By:

MARKET UPDATE:  Sensex lowered over 300 points to trade at 61,480 levels and the Nifty50 declined over 50 points to trade below 18,350 levels

Opening Bell: Indian markets opened lower in today's (16 December 2022) trade amid weak global cues and subdued foreign flows. Key indices Nifty50 declined over 50 points to trade below 18,350 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 61,480 levels. Broader markets, too, followed the Nifty MidCap 100 and Nifty SmallCap 100 indices and fell up to 0.5 percent. Volatility gauge, India VIX, meanwhile, shot over 1 percent. Sectorwise all sectors were in the sea of red, with the Nifty IT index declining over 1 percent in trade. Among individual stocks, shares of Reliance Industries gained over 1 percent after the conglomerate's retail arm launched the FMCG brand 'Independence' in Gujarat. In addition, shares of Asian Paints declined over 1 percent after prices of Brent Crude climbed to $82 per barrel.

We are on Telegram!

Telegram Logo

JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.

Click Here!

Follow Us On: