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



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The benchmark indices erased opening gains and slipped in Thursday’s intra-day trade on the BSE. Frontline indices Nifty50 dropped over 100 points to trade below 17,250 levels, whereas the S&P Sensex was slipped over 450 points to 57,869 levels.





The weakness spilled across broader markets as Nifty Midcap 100 and Nifty Smallcap 100 declined up to 0.7 per cent.





Sector-wise, Nifty Metal remained resilient at 1 per cent. Nifty Realty and Nifty PSU Bank, meanwhile, declined over 2 per cent 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 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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