Markets in a positive trajectory

21 Aug 2023 , 01:09 PM

Indian benchmark indices are trading in a positive sentiment in Monday’s afternoon session with restricted gains as investors are cautious of further interest rate hikes by the US Federal Reserve. 

On the sectoral front, heavyweights IT stocks are trading with over 1% uptick. Bank and Financial Services stocks are also in a gaining momentum. Nifty Media stocks are slightly under pressure. All other sectoral indices are trading in an upward trajectory today.

At around 1.00 PM, BSE Sensex is trading 295 points higher at 65,243.29. NSE Nifty is trading with a gain of 86 points at 19,396.20.

Adani Group company, Adani Ports (+2.43%) is the biggest gainer on nifty index today, followed by Bajaj Finance (+2.39%). Power Grid (+2.22%), Adani Enterprises (+2.19%), and Hindalco (+2.03%) are trading with a gain of over 2%.

Jio Financial Services is trading with a decline of 5% after its market debut, maintaining a valuation of about $19 billion. JFS and Reliance Industries (-0.57%) are trading as the top losers on Nifty. Mahindra & Mahindra (-0.72%), Britannia Industries (-0.22%), and Larsen & Toubro (-0.15%) are trading on the downside despite a positive movement in markets.