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



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The benchmark indices erased opening gains and were flat in Thursday’s intra-day trade on the BSE. Frontline indices Nifty50 hovered above 17,400 levels, whereas the S&P Sensex was up over 50 points to 58,447.47 levels.





Broader markets, meanwhile, reflected resilience as Nifty Midcap 100 and Nifty Smallcap 100 climbed up to 0.5 per cent.





Tata Steel, Nestle, Infosys, Dr Reddy’s, Ultratech Cement, Wipro, and Sun Pharma were the top contributors to the benchmark indices.


 


Sector-wise, Nifty Metal shone in trade as it surged over 2 per cent. Nifty IT, too, hogged the limelight and climbed over 1 per cent. That said, Nifty Realty and Nifty PSU Bank were battered in trade.


 


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 Adani Total Gas hit 52-week high at Rs 3,335.05 per share ahead of their Q1FY23 results.

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