The two key equity benchmarks, Sensex and Nifty, on Friday pared their early gains and tuned in early morning trade.
AT 10.05 am, the BSE Sensex was down 110 points to 61,321. On the other hand, the NSE Nifty was trading at 18,808, down 50 points.
On the 30-share Sensex platform, Bajaj Finserv, IndusInd Bank, ITC, Titan, Bajaj Finance, Maruti were among the losers. On the flipside, Infosys, HCL, TechM, TCS, Wipro, PowerGrid emerged early winners. Among specific stocks, Gland Pharma sank 18 per cent after its Q4 profit dropped 72 per cent YoY on a 29 per cent decline in revenue. The net profit was also impacted by an impairment loss of Rs 56.46 crore.
#ABPLiveStockMarketWatch | Sensex and Nifty on Friday are trading flat, erasing opening gains.
At 09:38 AM, #Sensex fell by 41 points to 61,391 & #Nifty by 24 points to 18,106
Here’s a look at the stocks in focus:#StockMarket #StockMarketPrices #Trading #Stock pic.twitter.com/8K0CERf3Gm
— ABP LIVE (@abplive) May 19, 2023
In the broader markets, the BSE Midcap was down 0.08 per cent and the Smallcap index rose 0.13 per cent.
Sectorwise, Nifty Auto, Metal, Realty, FMCG, and Pharma indices declined, while the IT and PSB pockets were the top gainers.
In the previous session on Thursday, the BSE Sensex settled the day with a loss of 129 points at 61,432. On the other hand, the NSE Nifty 50 closed the day at 18,130, down 52 points.