Markets in a positive sentiment today; Nifty above 17,900

14 Feb 2023 , 02:02 AM

On Tuesday, Indian benchmark indices were on the rise in line with the global equity surge, in anticipation of the U.S. inflation figures slated to be released later in the day. 

However, concerns about potential rate hikes persisted due to the domestic retail inflation rate exceeding the Reserve Bank of India’s upper limit, which limited the gains.

On the sectoral front, Nifty FMCG and IT were trading 1% higher. Nifty Bank, Auto and Financial Services also extended marginal gains.

At around 2.00 PM, BSE Sensex was trading 1% or 600 points higher at 61,046.93. NSE Nifty was trading 171 points higher at 17,941 points.

UPL (+3.15%) and ITC (+3.11%) remained the top gainers with over 3% gain each. Reliance (+2.23%), HCL Tech (+1.98%) and Infosys (+1.66%) joined the rally with about 2% uptick.

Adani Enterprises (-3.26%) and Apollo Hospitals (-1.59%) remained top laggards for another day in a row. NTPC (-1.40%), BPCL (-1.21%) and SBI Life (-1.20%) weighed down the chart with over 1% decline.

A total of 35 stocks advanced, and 15 declined on the NSE.

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