Markets in a flat trajectory amid volatility

15 Jun 2023 , 01:07 PM

Indian stocks markets are trading in a muted tone in Thursday’s afternoon session following the anticipated decision by the U.S. Federal Reserve to keep interest rates unchanged, there were indications of potential future rate hikes later in the year.

On Thursday, the midcap index reached an all-time high, while smallcap shares experienced a rise of up to 0.43% to achieve a new 52-week high.

On the sectoral front, Nifty Pharma, Metal, Media, and FMCG are holding firm ground. All other sectoral indices are trading on the downside. Nifty Bank is dragging the chart with the most decline.

At around 1.00 PM, BSE Sensex is trading 129 points lower at 63,099.87. NSE Nifty is down by 20 points at 18,735.45.

On the gainers’ chart, Dr Reddy’s is leading (+2.79%), followed by Divis Lab (+2.50%). Apollo Hospital (+2.43%), and Adani Enterprises (+1.95%) are trading with a nearly 2% uptick.

HDFC Life (-1.58%) is so far the biggest loser on nifty, joined by IndusInd Bank (-1.59%). IT giants Wipro (-1.53%) and Infosys (-0.87%) are also trading on the downside. Kotak Bank is trading ~1% lower.

A total of 28 stocks advanced on the Nifty index today, and 21 declined. While 1 remained unchanged.