MARKET UPDATE:Sensex traded at 58,828 levels, while Nifty50 opened flat to trade above 17,500 levels


Published On: Monday, September 19, 2022 | By:

MARKET UPDATE:Sensex traded at 58,828 levels,   while  Nifty50 opened flat to trade above 17,500 levels

Opening Bell: Indian equity markets opened flat today ( 19 September 2022) amid weak global cues due to rate hike fears. Key indices Nifty50 opened flat to trade above 17,500 levels and the S&P BSE Sensex traded at 58,828 levels. Broader markets, too, edged lower in the trade as Nifty SmallCap 100 and Nifty MidCap100 declined up to 1 percent. Barring Nifty PSU Bank, all sectors nosedived in negative territory. Nifty Media, Nifty Pharma, and Nifty Realty indices dropped the most - up to 1 percent. While Bajaj Finserv, Infosys, and Axis Bank, helped trim losses for the benchmark indices; HCL Technologies, Asian Paints, Dr. Reddy's, and Titan, contributed to the sharp cuts.

Among individual stocks, shares of ONGC gained 1 per cent in a volatile market after the company sought to scrap windfall profit tax levied on domestically produced crude oil from the government.

Besides, shares of Granules India gained over 2 per cent after the company plans to launch their Rs 250 crore share buyback offer on September 27.

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