Markets fall amidst weak global cues

17 Aug 2023 , 01:01 PM

Indian benchmark indices are trading with losses in Thursday’s afternoon session tracking the weak sentiment in Asian peers and downfall on Wall Street amidst rising interest rate concerns. However, midcap and smallcap stocks are trading in positive sentiments, outperforming the benchmarks.

On the sectoral front, Nifty Consumer Durables stocks are trading 2% higher. Nifty FMCG and Oil & Gas stocks are trading 1% lower. All other sectoral indices are trading under pressure.

At around 1.00 PM, BSE Sensex is trading 460 points lower at 65,078.87. NSE Nifty is down by 137 points at 19,328.40.

Adani Ports (+2.91%) is trading 3% higher as the top gainer on nifty pack. Titan (+1.62%) is trading with a gain of 2%. Adani Enterprises (+0.64%), Bajaj Auto (+0.53%), and Dr Reddy’s (+0.33%) are trading on the upside.

ITC (-2.17%) is the top loser on NSE, joined by Power Grid (-2.16%). LTI Mindtree (-1.73%), Larsen & Toubro (-1.54%), and Reliance Industries (-1.50%) are the other losers on nifty.

A total of 12 stocks advanced, and 38 declined on the nifty index today.