Markets trade in subdued momentum

8 Aug 2023 , 01:08 PM

Indian benchmark indices are trading in a lacklustre tone in Tuesday’s afternoon session ahead of key data releases. Gains in pharmaceutical and healthcare stocks are overweighed by losses in the broader markets.

On the sectoral front, Nifty PSU Bank stocks are trading with over 1% uptick. Pharma and Media stocks are also extending gains. Nifty Auto, FMCG, and Metal stocks are under pressure. All other sectoral indices are trading with marginal gains.

At around 1.00 PM, BSE Sensex is trading 117 points lower at 65,837. NSE Nifty is trading at 19,563, down by 35 points.

Hero MotoCorp (+3.92%) is the biggest nifty gainer so far today as the company records over 25,000 bookings for Harley-Davidson X440. Cipla (+2.74%) and SBI Life (+2.74%) are trading 3% higher. Tata Consumer (+1.64%) and Tech Mahindra (+1.59%) are extending nearly 2% gains.

Adani Enterprises (-3.02%) is trading as the top laggard on the nifty pack, joined by Adani Ports (-2.62%). Mahindra & Mahindra (-2.48%), Hindalco (-1.86%), and Divis Lab (-1.52%) are trading as the other losers.

A total of 144 stocks touched new 52-week highs and 18 stocks touched new 52-week lows in today’s trade on NSE.