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(As on Mar 10, 2023, 09:55)

Sensex extends slide, down 848 pts; Nifty50 below 17,350

Domestic markets opened lower in Friday's trade, amid weak global cues. Broader markets, too, edged lower as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered over 1 per cent each. Volatility gauge, India VIX, meanwhile, climbed over 7 per cent.



All sectors nosedived in the sea of red, with Nifty Metal index being the worst hit, over 2 per cent.



Among individual stocks, shares of Swan Energy surged over 6 per cent after the company’s subsidiary - Triumph Offshore Private signed an agreement to lease out its floating storage regasification vessel to Botas of Turkey.



At 9:40 hours, the 30-share benchmark index was trading at 58958.14 down by -848.14 points or by -1.42 % and then NSE Nifty was at 17347.2 down by -242.4 points or by -1.38 %.

Sensex touched intraday high of 59262.47 and intraday low of 58884.98 The NSE Nifty touched intraday high of 17451.5 and intraday low of 17344.65



The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 436.05,+0.89%), Bharti Airtel Ltd. (Rs. 775.00,+0.15%), among others.



The top losers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 2593.00,-2.83%), HDFC Bank Ltd. (Rs. 1589.90,-2.55%), Larsen & Toubro Ltd. (Rs. 2145.95,-2.16%), Axis Bank Ltd. (Rs. 851.25,-1.95%), ICICI Bank Ltd. (Rs. 839.55,-1.93%), among others.



Power index was at 3554.58 up by 1.33 points or by 0.04%. Adani Green Energy Ltd. (Rs. 683.05,+5.00%), Adani Transmission Ltd. (Rs. 903.85,+5.00%), CG Power and Industrial Solutions Ltd. (Rs. 297.85,+0.24%),.

Bankex index was at 45794.76 down by -889.74 points or by -1.91%. HDFC Bank Ltd. (Rs. 1589.90,-2.55%), Bank of Baroda (Rs. 167.65,-2.24%), Axis Bank Ltd. (Rs. 851.25,-1.95%), ICICI Bank Ltd. (Rs. 839.55,-1.93%), State Bank of India (Rs. 548.50,-1.90%),.



The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3031 , shares advanced were 872 while 2044 shares declined and 115 were unchanged.

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