Stock market live updates: The equity markets opened with tepid gains on Monday amid mixed cues from global peers.
The BSE Sensex rose 300 points to 53,051, and the NSE Nifty50 advanced 30 points to 15,780. Soon after, the benchmark indices turned negative as selling intensified in metals, IT and energy related counters.
IndusInd Bank, Sun Pharma, PowerGrid, L&T, ICICI Bank, SBI and ITC were the top winners on the Sensex. Shree Cement, Tata Consumer, Britannia, Hero Moto were the additonal gainers on the Nifty.
On the flip side, ONGC, Hindalco, JSW Steel, M&M, Tata Steel, Wipro, TCS, Tech M, Reliance led losses on the two benchmark indices.
The broader markets started mixed. The BSE MidCap index was up 0.34 per cent and SmallCap index sat unchanged.
Sectorally, Nifty metals slumped 2 per cent. Other losers were IT, auto and oil & gas packs, down 0.4-0.9 per cent.
Among stocks, Avenue Supermarts (DMart) rose 3 per cent. The company has reported a standalone revenue of Rs 9,806.89 crore in Q1FY23), up 94.9 per cent from Rs 5,031.75 crore reported in the same quarter last year.
Ashoka Buildcon also gained over 2 per cent after its joint venture (JV) bid emerged as the lowest (L-1) for construction and maintenance of Rajiv Gandhi Fintech Digital Institute in Jodhpur.
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