Markets extend rally; Sensex soars near 700 pts, Nifty above 18,000-levels

9 Jan 2023 , 02:00 PM

Domestic benchmark indices in a fast rally during afternoon market session after a positive start on Monday.

On the sectoral front, Nifty IT index outperforming by rising over 700 pts with metal, oil & gas index surging around 1% each. Meanwhile, Consumer Goods stocks logged selling pressure from investors by tumbling around 200 pts.

At around 2:00 PM, Sensex was trading at 60,594.29 higher by 693.92 points or 1.16%. Nifty 50 traded at 18,053.50 higher 194.05 points or 1.09%

Top Gainers on Nifty are M&M (+3.2%), HCL Tech (+2.9%), IndusInd Bank (+2.8%) supported by Bharti Airtel (+2.76%) and TCS (+2.73%). Meanwhile, top losers on Nifty are Titan (-2%), Bajaj Finserv (-1.1%), HDFC Life (-1%), Bajaj Auto (-0.7%) and Maruti Suzuki (-0.6%).

Furthermore, shares of Tata Consultancy Services (TCS) surged 2% ahead of the December quarter results. India’s largest exporter will announce its results today, marking the start of the earning session.

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