Markets in Green

11 Apr 2023 , 01:03 AM

During Tuesday’s afternoon trading session, Indian stocks are trading with gains, largely supported by strong quarterly updates from financial stocks. This comes ahead of the corporate earnings announcement for the March quarter.

On the sectoral front, the heavyweight IT index is trading 1% lower. Bank and Financial Services indices are up by 1%.

PSU Bank index is trading 2% higher, driven by a nearly 4% surge in Bank of Baroda following its quarterly update.

At around 1.00 PM, BSE Sensex is trading 155 points higher at 60,002. NSE Nifty is up by 53 points at 17,677.

Kotak Mahindra Bank (+4.89%) is the top NSE gainer today. The stock surged nearly 5% following the news of about $690 million MSCI inflows.

Joining the uptrend, Eicher Motors (+2.74%) and JSW Steel (+2.72%) are trading nearly 3% higher. Bajaj Auto is trading with a 2% gain, followed by a 1.5% surge in SBI.

IT major Infosys (-2.15%) is the top Nifty loser today, followed by TCS (-2.00%). HCL (-1.15%), Wipro (-1.07%), and Tech Mahindra (-0.70%) also fell about 1%. A downfall in major IT stocks is dragging down the IT index.

A total of 34 stocks advanced, and 16 declined on the Nifty index.

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