Sensex zooms over 1,100 pts; Nifty above 18,300; IT index top contributor

11 Nov 2022 , 02:00 PM

Domestic benchmark indices in the fast lane today led by IT and Metal stocks outperforming. Both the Sensex and Nifty benchmarks were nearly 2% higher amid positive global cues.

On the sectoral front, auto and FMCG index was under selling pressure. However, alongwith IT index surging around 3.3%, metal and realty stocks also skyrocketed over 2% each to drive the market sentiments.

At around 2:00 PM, Sensex was trading at 61,755.96 higher by 1142.26 points or 1.88%. Nifty 50 traded at 18,338.15 higher 309.95 points or 1.72%.

Top Bulls on Nifty 50 are: HDFC (+6.78%), HDFC Bank (+6.5%), Infosys (+4.02%) supported by HCL Tech (+3.74%) and Hindalco (+3.65%). Meanwhile, top losers on Nifty 50 are: Eicher Motors (-4.78%), NTPC (-1.22%), Hero MotoCorp (-0.98%), Britannia (-0.93%) and Kotak Bank (-0.74%).

Meanwhile, on the global front, softer-than-expected US inflation data raised hopes for investors of less aggressive rate hikes by the US Federal Reserve which drive markets in the fast rally today.

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