Markets extend rally; Nifty above 19,700

18 Jul 2023 , 01:02 PM

Indian benchmark indices continue their record-breaking run on Tuesday, reaching new all-time highs on fresh foreign capital inflows and buying in banking counters. US markets also witnessed a positive trend on Monday, which supported optimism in domestic markets.

On the sectoral front, Nifty Bank and Financial Services indices are trading marginally higher. Nifty Media stocks fell nearly 2%. All other sectoral indices are trading on a flat note.

At around 1.00 PM, BSE Sensex is trading 113 points higher at 66,702.62. NSE Nifty is trading at 19,726.80, up by 15 points.

Infosys (+2.07%) is the top Nifty gainer. ICICI Bank (+1.20%) and Asian Paints (+1.20%) are trading with an uptick of over 1%. HCL Tech (+0.94%) and Adani Enterprises (+0.73%) are supporting the overall rally.

LTIMindtree (-2.50%) is the top laggard today. DivisLab (-2.26%) is trading about 2% lower on the release of Q1 numbers. Apollo Hospital (-1.68%), HDFC Life (-1.30%), and Dr Reddy’s (-1.32%) are the other losers on the nifty index.

A total of 22 stocks advanced, and 28 declined on the nifty index today.