Markets in green; Nifty 50 around 16,000 level; FMCG stocks outperform

15 Jul 2022 , 09:36 AM

Indian markets traded on a positive note with Sensex maintaining over 53,500-mark. Nifty 50 performing around 16,000-level. However, the upside was at a marginal pace. FMCG, Auto and consumer durables stocks outperformed, while metals witnessed lackluster demand. The domestic equities tracked a mixed global cues as regulation concern increases over next US Fed meeting which will held on July 27.

At around 09:35 AM, Sensex was trading at 53,667.21 up by 251.06 points or 0.47%. Nifty 50 was performing at 16,010.30 higher by 71.65  points or 0.45%.

Top gainers on Nifty were — Hindustan Unilever surged more than 2% while Bharti Airtel, Britannia, Tata Consumers, Adani Ports soaring more than 1% each. L&T, Asian Paint, Titan, Shree Cement, Bajaj Auto and Reliance climbed between 0.5-1%.

Top bears on Nifty were — JSW Steel and Tata Steel plunging 0.6% each, while Axis Bank, ONGC and Hindalco followed tumbling between 0.2-0.4%.

Companies that will be in focus ahead of Q1 results today are – Jindal Steel & Power, Federal Bank, Aditya Birla Money, Deep Diamond India, Den Networks, Integrated Capital Services, Just Dial, Kesoram Industries, Lloyds Metals and Energy, L&T Technology Services, Oberoi Realty, and Opto Circuits (India).

Asian markets opened mixed with the Japanese ‘Nikkei’ seeing a quiet opening down 28 points. 

However overnight on Wall Street, US markets witnessed another inside day with Dow Jones closing lower by 140 points after being down over 650 points in early trade. Nasdaq closed in the green recovering over 260 points from the lows for the session.