Markets trade positive; PSU Bank outperforms

30 Jan 2023 , 10:09 AM

Indian markets took a breather from their previous session’s free fall and were trading on a positive note on Monday’s opening deals. 

At home, PSU Bank stocks led the rally, while substantial gains were added by IT, Metal, Banking and Realty stocks. 

At around 09.58 am, Sensex was trading at 59,411.26 up by 80.36 points or 0.14%. The index has touched an intraday high of 59,644.24.

Nifty 50 performed at 17,633.90 up by 29.55 points or 0.17%. The index was near the day’s high of 17,709.15.

In terms of sectoral indices, on NSE, the Metal index was higher by 1.1% and PSU Banks surged by 2% followed by IT, Pharma stocks. However, the FMCG, Consumer Goods and Oil & Gas stocks were under selling pressure. 

Top Gainers on Nifty were – Adani Enterprises, Adani Ports, Bajaj Finance, Bajaj Finserv and NTPC soaring between 8.2-1.6%.

Top Losers on Nifty are- Power Grid, HUL, SBI Life, Bharti Airtel and Bajaj Auto plunging between 2.6-1.3%.

Major Q3 results today were – Larsen & Toubro, Tech Mahindra, Bharat Petroleum Corporation, Bajaj Finserv, Bajaj Holdings & Investment, CSB Bank, Emkay Global Financial Services, Exide Industries, GAIL (India), Inox Leisure, Laurus Labs, Mazagon Dock Shipbuilders, Nippon Life India Asset Management, Punjab National Bank, REC, SRF, Trident, and Welspun India.

For feedback and suggestions, write to us at [e-mail]