Markets fall due to weak global cues

25 May 2023 , 01:21 AM

Indian benchmark indices are trading in the red in Thursday’s afternoon session following weak trends in global markets due to lack of breakthrough in the US debt ceiling talks.

On the sectoral front, Nifty FMCG, and Realty are trading with marginal gains. All other sectoral indices are trading in the red territory.

At around 1.15 PM, BSE Sensex was trading at 61,534, down by 239 points. NSE Nifty is trading lower by 68 points at 18,217.

Bajaj Auto (+2.40%) is the top gainer on NSE in today’s trade. Bharti Airtel (+1.68%), Divis Lab (+1.43%) also joined the rally. ITC (+1.38%) and Tata Consumer (+1.06%) are trading 1% higher.

Tata Motors (-1.98%) is trading down by 2%, being top NSE laggard. Hindalco (-1.45%), Adani Enterprises (-1.44%), HDFC (-1.35%), and IndusInd Bank (-1.28%) are trading nearly 1% lower each.

Only 16 stocks advanced on the NSE index today, while 34 declined.

In terms of value, Adani Enterprises, HDFC Bank, ICICI Bank, HDFC and ITC are the most active stocks on NSE.

In Asian markets, Shanghai, Seoul, and Hong Kong fell, while Tokyo remained on the upside. 

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