IndusInd Bank (+2.09%) led the gainers on the nifty index today.
Analysts of IIFL Securities believe sector valuations have little room for upside as despite a deteriorated growth outlook, Nifty IT Index has performed in line with broader markets YTD.
Asian peers edge up over Fed rate pause bets.
The markets touched their day’s low in the intraday trading session.
On the sectoral front, Nifty Media, IT, Auto, and FMCG stocks are weighing down the charts.
Asian equities are in the red territory today after Canada’s surprise rate hike.
Nifty crossed the 18,700-mark for the first time in 2023.
Indian markets are moving in tandem with global markets.
FIIs bought Rs.8,963.44 crore worth of Indian equities on June 6th
Nifty opened 56 points higher at 18,655.