Stock Market Status
Stock Market Highlights: The benchmark indices snapped their five-day losing streak amid high volatility on Thursday, as FMCG and select banking shares gained, while IT and metal stocks witnessed selling pressure.
The S&P BSE Sensex plunged to a low of 57,159 in the opening hour, but soon recouped losses and thereafter rallied to a high of 57,887. The Sensex finally settled with a gain of 79 points at 57,635.
The NSE Nifty 50 dipped to a low of 16,850, before signing-off the day 13 points higher at 16,986.
Also read: Bank stocks can slide more; stay away for now: Analysts
Nestle, Titan, Hindustan Unilever and Asian Paints were the major gainers among the Sensex 30 stocks, up over 2 per cent each. Sun Pharma, SBI, Tata Motors, PowerGrid Corporation, Bajaj Finserv and Mahindra & Mahindra were the other prominent gainers.
On the other hand, Tata Steel dropped over 3 per cent, and IndusInd Bank slipped 2.3 per cent. Bharti Airtel and Infosys were the other notable losers.
Index heavyweight Reliance Industries hit a fresh 52-week low, and its market-cap dipped below the Rs 15-trillion-mark for the first time since December 06, 2021.
The broader indices, however, ended on a tepid note. The BSE Midcap index was down 0.1 per cent, while the Smallcap index slipped 0.7 per cent.
Sectorally, the BSE FMCG, Oil & Gas, Realty and Power indices jumped over a per cent each, while the Metal index shed 2.7 per cent.
In the broader markets, Zee Entertainment soared over 9 per cent following reports that the media major was planning to settle its dues to IndusInd Bank worth Rs 83.7 crore as early as Friday.
 "FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip")
