Market pulse at 11:30 AM today

8 Apr 2022 , 11:30 AM

• Equity market indices trade lower amid volatility with banking, financials weigh after RBI policy outcome.
• BSE Sensex is currently trading at 58,936.40 down 98.55 points or 0.17%.
• Nifty50 is currently trading at 17,632.65 down 6.90 points or 0.04%. Nifty Bank is trading lower by 0.27% at 37,456.55 while Mid-cap Index is up by 0.49%.
• Grasim, SBI Life, Coal India, JSW Steel and Dr Reddys are the top gainers while Cipla, Tech Mahindra, NTPC, HDFC and HDFC Bank are the top losers.
• Nifty Metal stocks (1% higher) support the markets while IT, pharma and banking stocks are struggling in the negative territory.
• RBI maintains ‘accommodative’ stance and raises FY23 inflation forecast to 5.7%.
• Out of 50 stocks traded on the NSE, 27 advanced and 23 declined.