Stock Market: Sensex Sheds Over 250 Points, Nifty Trades Near 17,800 Amid Mixed Cues. LIC Rises 3 Per Cent

Stock update: On the 30-share Sensex Platform, HCL, Tata Steel, Wipro, Infosys, TechM, Tata Motors were hovering over negative territory

In the broader markets, Nifty SmallCap 100 index outperformed Nifty MidCap 100 index.

Source : Getty

The key equity domestic benchmarks, Sensex and Nifty, on Friday opened in the red amid subdued global sentiments.

At 9.40 am, the S&P BSE Sensex slipped 260 points to 60,544, while the NSE Nifty50 was trading at 17,817, down 76 points.

On the 30-share Sensex Platform, HCL, Tata Steel, Wipro, Infosys, TechM, Tata Motors were hovering over negative territory. On the flip side, L&T, Maruti, ITC, M&M, Axis Bank, HDFC emerged early winners.

#ABPStockMarketWatch | Indian equity benchmarks opened in red on Friday

At 10:30 AM, #Sensex dipped by 206 points to 60,600 & #Nifty by 71 points to 17,823

Here's a look at the stocks in focus:#ABPLive #MarketWatch pic.twitter.com/e5bLq2saTq

— ABP LIVE (@abplive) February 10, 2023

Among individual stocks, shares of LIC gained over 3 per cent after it reported a manifold increase in its net profit in Q3FY23. Shares of Zomato declined over 3 per cent after the company's loss widened to Rs 346.6 crore in Q3FY23.

In the broader markets, Nifty SmallCap 100 index outperformed Nifty MidCap 100 index.

India's volatility gauge, India VIX, on the other hand, eased off marginally.

Sectorwise, Nifty Media and Nifty PSU Bank indices gained marginally in trade, while Nifty IT, and Nifty Metal indices declined up to 0.8 per cent.

In the previous session on Thursday, the S&P BSE Sensex closed at 60,806, up 142 points. On the other hand, NSE Nifty50 closed at 17,894, rising 22 points.

Meanwhile, the rupee depreciated 12 paise to 82.63 against the US dollar in early trade on Friday as a lacklustre trend in domestic equities and a strong greenback in the overseas markets dented investor sentiments. Besides, sustained foreign fund outflows and elevated crude oil prices in the international market weighed on the domestic unit, forex traders said.

At the interbank foreign exchange, the domestic unit opened weak at 82.61 against the dollar, then fell further in early deals to 82.63, registering a decline of 12 paise over its last close. On Thursday, the rupee appreciated 3 paise to close at 82.51 against the US dollar.

Brent crude futures, the global oil benchmark, declined 0.19 per cent to $84.34 per barrel.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 144.73 crore, according to exchange data.