Markets in a choppy session ahead of CPI data; Nifty below 17,800

12 Jan 2023 , 01:46 PM

Domestic benchmark indices in a choppy session after a gap-down opening on Thursday’s trading session. Both the Sensex and Nifty benchmarks are trading nervously as the markets awaits US Consumer Prices index data due later today.

On the sectoral front, major sectoral indices are trading in the red territory except IT and media stocks. Banking stocks underperformed by tumbling around 500 points followed by oil & gas, FMCG, metals plunging marginally.

At around 2:00 PM, Sensex was trading at 59,684.48 lower by 421.02 points or 0.70%. Nifty 50 traded at 17,775.50 lower 120.20 points or 0.67%

Top Gainers on Nifty 50 are: Ultratech Cement (+1.4%), HCL Tech (+1.3%), Larsen & Toubro (+1.1%) supported by SBI Life (+1%) and JSW Steel (+0.7%). Meanwhile, top losers on Nifty are: Divis Lab (-3.2%), Axis Bank (-2.4%), RIL (-2.3%), BPCL (-2.2%) and Tata Motors (-1.7%).

Further, a bulk packaging solutions provider, Sah Polymers has made a strong debut on D-Street and listed at 30.76% premium over the issue price of Rs65. The company listed at Rs85 on NSE and BSE.

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