Stock Market Updates: Sensex Gains 150 pts, Nifty Above 18,350; Tata Motors Up 4%

Last Update: May 15, 2023, 09:26 AM IST

Sensex Today: Equity benchmark indices Sensex and Nifty made a positive start on Monday morning amid muted global sentiment due to rising concerns over possible US debt default. The BSE Sensex advanced 160 points to 62,200 and the NSE Nifty 50 advanced 45 points to 18,360.

Tata Motors, Power Grid, Nestle, M&M, UltraTech Cement and Infosys were gainers on the Sensex, while Bajaj Auto, Eicher Motors and Nestle were top Nifty gainers.

On the other hand, IndusInd Bank, Tata Steel, Sun Pharma, Cipla, Adani Enterprises were among the top frontline losers.

Broader markets opened sluggish. The BSE Midcap and Smallcap indices were almost flat versus mild gains in the BSE Sensex.

Tata Motors posted a net profit of over 3.5 per cent in Q4FY23 posting a net profit of Rs 5,408 crore as against a net loss of Rs 1,033 crore in the previous year.

global signal

In Asia, all markets were trading with losses this morning except Nikkei, which was up 0.55 per cent. Hang Seng, Shanghai Composite, Shenzhen Component, Strait Times and Kospi fell 0.5-1 per cent.

In the US on Friday, the S&P 500 fell 0.16 per cent, the Dow 0.03 per cent and the Nasdaq 0.35 per cent as the consumer sentiment index fell to a six-month low of 57.7.