MARKET LIVE: Sensex at day’s low, down 350pts; FMCG, Auto packs defy losses- QHN

Stock market LIVE updates: Benchmark indices turned sharply lower in noon deals on Thursday as sell-off in financial stocks deepened.

The S&P BSE Sensex was down over 250 points at 60,380 levels after hitting an intra-day high of 60,877. The Nifty50 index, meanwhile, was down 60 points at 17,980 level.

Bajaj Finance was the top laggard on the Sensex index, down over 8 per cent, after the consumer finance reported that assets under management (AUM) grew by 27 per cent year-on-year (YoY), lower than market expectations, to Rs 2.30 trillion as of December 31, 2022. READ MORE

Bajaj Finserv (down 5 per cent), Power Grid, IndusInd Bank, ICICI Bank, Axis Bank, HDFC Bank, Wipro, Infosys, and Titan were other top drags. On the upside, ITC, Sun Pharma, NTPC, Nestle India, and HUL were the lead gainers.

In the broader markets, the BSE MidCap and SmallCap indices were wee bit in green.

Among sectors, the Nifty FMCG index gained 1.4 per cent, while the Nifty Financial Services index dipped 0.8 per cent. 

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