Markets extend gains; Nifty above 18,400

Indian stock markets are trading with gains in the Tuesday afternoon session, driven majorly by information technology and Adani group stocks.

On the sectoral front, all indices have advanced. Nifty Metal index is trading 3% higher.

At around 1.10 PM, BSE Sensex is trading 202 points higher at 62,171. NSE Nifty is up by 84 points at 18,398 points.

Adani Enterprises (+13.13%) is the top NSE gainer today with a 13% upside. Divis Lab (+4.36%) is trading 4% higher. Adani Ports (+2.41%) is also among the gainers on NSE. Bajaj Finserv (+1.99%) and BPCL (+1.58%) are up by 2%.

On the loser’s chart, Grasim Industries (-0.93%) is trading down by 1%. Kotak Bank (-0.86%), L&T (-0.74%), Ultratech Cement (-0.62%), and HDFC Life (-0.62%) are also trading on the marginal downside.

Globally, Asian markets made positive strides, driven by indications of progress in talks regarding the U.S. debt ceiling and robust macroeconomic data emanating from Japan.

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