Indices trading positive; metals and realty show strong buying

29 Aug 2023 , 01:03 PM

During the noon of August 29, the benchmark indices displayed limited movement, relinquishing some of their initial gains. The Nifty 50 encountered strong resistance around the 19,350-19,370 range. However, a few sectors, specifically metals and realty, defied this sluggish trend and experienced robust buying activity.

As of 1 PM, the Sensex exhibited an increase of 123.77 points or 0.19%, reaching 65,120.37. Similarly, the Nifty showed a rise of 48 points or 0.25%, reaching 19,354. Within this market movement, approximately 1861 shares advanced, 1226 shares declined, and 100 shares remained unchanged.

Prominent names like Bharti Airtel, Jio Financial, APL Apollo, Zee Entertainment, and AMI Organics stood out as the most active shares on the BSE. The metal and realty indices both demonstrated a 1% increase, while the capital goods and power indices each recorded a 0.5% rise.

Among the constituents of the Sensex, notable gainers encompassed Tata Motors, Tech Mahindra, NTPC, Power Grid, Jio Financial Services Ltd, Wipro, HCL Technologies, and HDFC Bank.

On the flip side, Bharti Airtel, Axis Bank, Reliance Industries, and IndusInd Bank registered declines in their performance.