Markets bullish with Nifty 50 around 17,300; IT index in focus amid Q2 earnings

14 Oct 2022 , 02:00 PM

Domestic benchmark indices are in the super rally after a gap-up opening on Friday led by heavy buying in banking, auto, IT counters. Both the Sensex and Nifty benchmarks are more than 1.5% higher and IT stocks in focus post outcome of technology companies.

Further, 

On the sectoral front, all sectoral indices are trading in the green with super gains.

At around 2:00 PM, Sensex was trading at 58,175.96 higher by 940.63 points or 1.64%. Nifty 50 traded at 17,270.10 higher 255.75 points or 1.50%.

Top Bulls on Nifty 50 are: Infosys (+4.42%), UPL (+3.30%), HDFC Bank (+3.17%) supported by HDFC (+2.93%) and L&T (+2.74%). Meanwhile, top losers on Nifty 50 are: Power Grid (-1%), JSW Steel (-0.75%), M&M (-0.44%) and Bajaj Auto (-0.23%).

Meanwhile, on the global front, Euro STOXX 50 futures are up 1.8%. Futures on the DAX, CAC 40 and FTSE 100 are up between 1.2%-1.8%.

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