Markets in green

12 Apr 2023 , 01:02 AM

In Wednesday’s afternoon trading session, Indian shares are slightly up amid expectations of positive corporate earnings results for the March quarter. However, investors remain cautious ahead of significant macroeconomic data releases both domestically and globally later in the day and throughout the week.

On the sectoral front, the Nifty Auto index is trading with a 1% gain. Pharma and Healthcare index is trading about 2% higher. However, the FMCG index remains subdued ahead of the Q4 earnings release.

At around 1.00 PM, BSE Sensex is trading 99 points higher at 60,263. NSE Nifty is up by 50 points at 17,772.

Today, Divis Laboratories (+7.71%) is leading the gainers’ chart on NSE with about 8% uptick. Bajaj Auto (+2.84%) and Dr Reddy’s (2.21%) are trading nearly 2.5% higher. Adani Enterprises (+2.03%) and Asian Paints (+1.60%) can be seen with 2% gains.

So far, Power Grid (-1.36%) is the top laggard on NSE today. Nestle India fell about 1% following its second interim dividend announcement of Rs 27 per share.

NTPC (-0.98%) and BPCL (-0.99%) are trading down by 1%.

IndusInd Bank joined the losers’ chart with 1% downside. This decline came after the widespread anticipation that IndusInd Bank might be removed from the MSCI index.

So far in the day, a total of 29 stocks advanced on the Nifty index today. While 21 stocks are trading with a downside.

Globally, before the release of March’s consumer price index data and minutes of the Fed’s recent policy meeting, most of the stocks on Wall Street were on the rise, while the Asian markets remained sluggish.

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