Markets erase all intraday gains amid volatility

29 Sep 2022 , 02:00 PM

Domestic benchmark indices are trading bearish after the fresh bullish start on Thursday led by weak broader markets tone. The stock market logged stellar performance on opening bells today as the rupee traded near record low.

Nifty and Sensex dived marginally with the weaker broader markets. However, on the sectoral front metal and pharma index outperforming by rising 1% each while auto, IT and banking sectors were under selling pressure.

At  around 2:05 PM, Sensex was trading at 56,447.43 down by 150.85 points or 0.27%. Nifty 50 traded at 16,807.70 lower 50.90 points or 0.03%.

Top Bulls on NSE are: Hindalco (+2.95%), Apollo Hospitals (+2.76%), ITC (+2.63%) supported by Dr Reddy’s (2.61%) and ONGC (2.53%). Meanwhile, top losers on  NSE are: Asian Paints (-4.96%), Hero MotoCorp (-2.43%), Tech Mahindra (-2.29%), Titan (-1.71%) and Bajaj Auto (-1.64%).

Furthermore, on the global front, the Stoxx Europe 600 fell 1.2% as inflationary pressure continues.

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