Markets in green; Nifty 50 above 18,650 level led by auto, metal stocks

Domestic benchmark indices trading marginally higher in the rangebound session on Wednesday's market session. Both the Sensex and Nifty benchmarks witnessed volatility as investors awaits US Federal Reserve Chairman Jerome Powell's speech due later today. 

On the sectoral front, Metal index outperforming by rising over 1.4% with auto and realty index surging 1% and 1.2% respectively. IT index was trading flat but in the red.

At around 2:00 PM, Sensex was trading at 62,804.32 higher by 122.48 points or 0.20%. Nifty 50 traded at 18,667.40 higher 49.35 points or 0.27%

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Top Bulls on Nifty are: Hindalco (+2.9%), Bajaj Auto (+2.7%), M&M (+2.1%) supported by Eicher Motors (+1.6%) and JSW Steel (+1.5%). Meanwhile, top losers on Nifty are: SBI (-1.4%), Apollo Hospitals (-1%), IndusInd Bank (-0.9%), HCL Tech (-0.8%) and Nestle India (-0.7%).

Furthermore, Zomato stocks in focus as nearly 3.4% stake of the company changed hands via block deal. The identity of the buyers or sellers was not confirmed by the Company. Media houses had reported earlier that Alibaba Group Holdings was looking to offload around 3% stake in Zomato.

Meanwhile, both Nifty and Sensex indexes are on course to log gains for the straight seventh day, if gains hold.

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