MARKET LIVE: Positive open likely on solid global cues; SGX Nifty up 100pts

MARKET LIVE: Positive open likely on solid global cues; SGX Nifty up 100pts

MARKET LIVE UPDATES

The key benchmark indices exhibited high volatility in intra-day trades on Thursday amid rising US-China tension. The BSE benchmark index from a high of 58,713, tumbled to a low of 57,577 – a fall of over 1,100 points. The Sensex, however, has recouped losses, but was still down 200 points at 58,140.

The NSE Nifty was seen hovering around the 17,300 level.
 

Among the Sensex 30 stocks, Reliance Industries and banking shares were on a weak ground, while select FMCG and IT stocks held steady gains.

Among individual stocks, shares of Adani Power hit 52-week high at Rs 352 per share after the company reported a 16-fold jump in consolidated net profit to Rs 4,780 crore in Q1FY23. READ MORE

Besides, shares of Subex were locked in upper circuit for the second straight day after Jio Platforms inked pact with Subex HyperSense AI to augment their 5G product line. READ MORE

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