The key benchmark indices languished in the negative zone in Monday’s intra-day trade weighed by profit-taking in IT shares. The broader markets, however, outperformed and were seen holding steady gains.
The S&P BSE Sensex was down over 300 points in mid-noon deals, while the Nifty 50 was seen testing 17,750 level.
Sectorally, Nifty Media and Nifty Pharma indices gained up to 0.6 per cent, whereas Nifty Metal index was the worst hit as it declined over 2 per cent.
Among individual stocks, shares of ITC gained 2 per cent to hit a new high of Rs 388.20 after the conglomerate posted 21 per cent YoY in profit at Rs 5,031 crore in Q3FY23. READ MORE
Besides, shares of Mahindra & Mahindra Financial Services rallied 10 per cent to hit over two-year high of Rs 267.30, amid heavy volumes after the company reported healthy earnings for December quarter (Q3FY23). READ MORE
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