MARKET UPDATE: Sensex jumped over 250 points to trade around 60,871 levels while the Nifty50 advanced over 50 points to trade above 18,100 levels
Published On: Monday, January 23, 2023 | By: Team KnowMyStock
Opening Bell: Strong global mood, positive early Q3 results, and softening crude oil prices propelled Indian equity markets to start higher in today's( 23 January 2023) trade. Key indices Nifty50 advanced over 50 points to trade above 18,100 levels, whereas the S&P BSE Sensex jumped over 250 points to trade around 60,871 levels.
Broader markets, too, moved in sync as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.1 per cent.
Sector-wise, Nifty Bank index gained the most, up to 0.8 per cent. However, Nifty FMCG and Nifty Realty indices were subdued in trade.
Among individual stocks, shares of ICICI Bank gained over 0.7 per cent after the private sector lender's net profit surged 34.2 per cent to Rs 8,311.85 crore in Q3FY23.
On the downside, shares of Ultratech Cement declined over 1 per cent after the company's consolidated net profit declined 37.9 per cent YoY in Q3FY23.
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