Market trims gain with Nifty below 18,400; Auto, IT, metal stocks gain

14 Nov 2022 , 09:40 AM

Equity benchmark indices opened flat with positive bias in the early trade on Monday amid mixed global cues. However, due to selling pressure being seen in Sun Pharma, Titan, HDFC have dragged the indices to trade lower.

At 9:35 AM, the Sensex was up 31.27 points or 0.05% at 61,826.31 and the Nifty was up 27.55 points or 0.15% at 18,377.25. 

Among sectoral front on the NSE, the Pharma index slipped over 1.5%, followed by media, PSU Banks, Banking however, buying witnessed in Auto, IT and metal index.

Top gainer on the NSE — HIndalco, Tata Steel, Apollo Hospitals, Power Grid and JSW Steel were up in the range of 4.5-1.6%.

Top losers at this hour — Dr Reddy’s slipped 4.3%, followed by Divis Lab, Sun Pharma, SBI, ICICI Bank were down in the range between 0.5-2%.

ONGC will be in focus ahead of its Q2FY23 quarter earnings today. Others to declare their financials for the quarter later today include Grasim Industries, Biocon, Bharat Forge, Apollo Tyres, IRCTC, Aarti Industries, Abbott India, Ahluwalia Contracts, Aarey Drugs & Pharmaceuticals, Balkrishna Industries, BGR Energy Systems, Birla Tyres, CESC, Dilip Buildcon, Godrej Industries, Greaves Cotton, HUDCO, Indiabulls Housing Finance, Jyothy Labs, Linde India, Lux Industries, Mindspace Business Parks REIT, NBCC (India), Radico Khaitan, Sobha, and SpiceJet.

Among global cues, Asian markets opened mixed with the Japanese ‘Nikkei’ trading flat to mildly in the red after the superb rally of Friday as profit booking was seen in early trade. However Taiwan & South Korean markets traded higher.

Meanwhile, US markets close another day of gains as Dow Jones closes higher by 32 points after the big 1200 points gains on Thursday while Nasdaq closed higher by 202 points recording its best ever two days rally since 2008.

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