Markets trade lower amid volatility; Nifty below 17,700

25 Oct 2022 , 02:04 PM

Domestic benchmark indices trading in the red after a gap-up opening on Tuesday. Both the Sensex and Nifty benchmarks are marginally lower in the afternoon market session. Moreover, with strong buying witnessed in banking and financial stocks in Muhurat Trading on Monday, the market again faced the volatility amid mixed global cues.

On the sectoral front banking, FMCG index underperformed by tumbling over 1% while IT, Auto and metal stocks in the fast lane to drive the market sentiments.

At around 2:00 PM, Sensex was trading at 59,671.66 lower by 160 points or 0.27%. Nifty 50 traded at 17,691.0 lower 39.55 points or 0.22%

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Top Bulls on Nifty 50 are: Tech Mahindra (+3.18%), JSW Steel (+2.24%), Maruti Suzuki (+2.08%) supported by Dr Reddy (+2.06%) and Eicher Motors (+1.57%). Meanwhile, top losers on Nifty are: Nestle India (-2.70%), Kotak Bank (-2.65%), Hindustan Unilever (-2.62%), Britannia (-2.43%) and Bajaj Finserv (-2.17%).

Furthermore, share price of FSN E-Commerce Ventures, the parent of Nykaa, fell as much 2% today to drop below its initial public offering price of Rs1,125 as the end of IPO anchor lock-in looms.

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