Markets bullish with Nifty 50 above 17,250

4 Oct 2022 , 02:01 PM

Domestic benchmark indices trading bullish on Tuesday’s market session. Both the Sensex and Nifty benchmarks had begun its fast rally with auto, metal and financial stocks. 

Nifty and Sensex jumped over  2% each with the strong broader markets. However, on the sectoral front banking index outperforming by rising around 3% with auto and metal, IT index in the fast lane.

At around 2:05 PM, Sensex was trading at 58,014.57 higher by 1225.76 points or 2.16%. Nifty 50 traded at 17,259.30 higher 371.95 points or 2.20%

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Top Bulls on NSE are: Adani Ports (+4.8%), IndusInd Bank (+4.7%), Hero MotoCorp (+3.7%) supported by Adani Enterprises (+3.6%) and Hindalco (+3.5%). Meanwhile, top losers on  NSE are: Power Grid (-0.90%) and Dr Reddys (-0.28%).

Adani stocks in focus today as Adani Green sets up three subsidiary companies. Further, as per the latest data, India’s exports declined by 3.5% to $32.6 billion in September against $33.8 billion in September 2021. Meanwhile, the country’s trade deficit widened to $26.7 billion.

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