Indian benchmark indices trade higher; Nifty near 19,400

10 Jul 2023 , 01:29 PM

Domestic equity markets are trading on the upside in Monday’s afternoon session after making a weak start. The gains are led by Reliance Industries, ahead of the release of its corporate earnings for the June quarter.

On the sectoral front, Nifty Metal and Pharma stocks are trading higher. All other sectoral indices are trading on the flipside.

At around 1.22 PM, BSE Sensex is trading 195 points higher at 65,475. NSE Nifty is trading at 19,391, registering a gain of 59 points.

Reliance Industries (+4.38%) led the gainers today, registering an uptick of nearly 4%. Tata Steel (+2.37%), Bharti Airtel (+2.18%), HDFC Life (+1.88%), and Bajaj Auto (+1.82%) are trading about 2% higher.

Titan (-2.80%) is the biggest loser on the nifty index today, HCL Technologies (-2.69%) and Power Grid (-2.62%) follow. Hero MotoCorp (-1.72%) and BPCL (-1.56%) are trading about 2% lower.

A total of 18 stocks advanced, and 32 declined on the nifty index today, so far.

Globally, fears of further rate hikes kept the US markets on the bottom line with marginal declines.