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All sectoral indices are trading in the green with Nifty IT gaining 1.78% followed by Nifty FMCG, which was up 1.67%. Only Nifty PSU Bank was in red.Benchmark indices were in trading in the green, tracking robust global cues. The share indices traded on a firm note with broad based gains, led by consumption-themed stocks. The markets witnessed gap-up opening as indicated by SGX Nifty.
the BSE Sensex was trading at 33,605, up 298 points, while the Nifty50 index was trading at 10,322, up 95 points.
Most global markets have turned positive following US data indicating abating inflationary pressure, which lowered the chances of an interest rate hike in the near future.
Shares of PSU banks extended decline for the second day. PSU Bank index dropped 2% dragged down by Andhra Bank's 12% slump.
Volatility index India VIX was in the red at 14.4875.
HCL Tech (+3.02%), ITC (+2.99%), Infosys (+2.16%), Wipro (+2.09%), and Vedanta (+1.96%)) were the top gainers on Nifty50.
While, Auro Pharma (-2.50%), Coal India (-2.29%), SBI (-1.95%), Ambuja Cement (-0.70%), and Bosch (-0.54%) were the top losers in today’s trade.
Out of 2,031 stocks traded on the NSE, 905 advanced, 775 declined and 351 remained unchanged today.
A total of 10 stocks registered a fresh 52-week high in trade today, while 1,066 stocks touched a new 52-week low.
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