Markets trade lower amid volatility; Nifty around 18,200

9 Nov 2022 , 02:00 PM

Domestic benchmark indices trading red after a gap-up opening on Thursday amid volatility. Both the Sensex and Nifty benchmarks are marginally lower in the afternoon market session.

On the sectoral front, Pharma index underperformed by tumbling over 130 points followed by auto, financial metal stocks plunging marginally. However, Bank Nifty hit 52-week high today at 41,939.75 points.

At around 2:00 PM, Sensex was trading at 61,084.48 lower by 100.67 points or 0.16%. Nifty 50 traded at 18,172.60 lower 30.20 points or 0.17%

Top Bulls on Nifty 50 are: Adani Ports (+3.94%), Coal India (+3.31%), ITC (+1.36%) supported by IndusInd Bank (+1.01%) and HCL Tech (+0.99%). Meanwhile, top losers on Nifty are: Hindalco (-4.37%), Divis Lab (-3.84%), Power Grid (-3.27%), Grasim (-2.10%) and NTPC (-1.79%).

Moreover, Piramal Enterprises board has approved the raising of up to Rs650 crore by issuing bonds. The size of the issue is up to Rs50 crore, with an option to retain oversubscription of up to Rs600 crore. 

Meanwhile, asian shares inched higher on Wednesday as investors braced for US inflation data due this week and awaited the results of the midterm elections that could signify a power shift in Washington.

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