Markets in green; Nifty 50 around 18,100 level; IT stocks outperform

1 Nov 2022 , 02:00 PM

Domestic benchmark indices in the fast lane today led by IT and Metal stocks outperforming. Both the Sensex and Nifty benchmarks were marginally higher amid positive cues from Asian market.

On the sectoral front, auto index was under selling pressure amid outcome of monthly auto sales figures for October 2021. However, alongwith IT index surging around 1.5%, metal and pharma stocks also skyrocketed over 1.5% each to drive the market sentiments.

At around 2:00 PM, Sensex was trading at 60,995.65 higher by 249.06 points or 0.41%. Nifty 50 traded at 18,098.90 higher 86.70 points or 0.48%.

Top Bulls on Nifty 50 are: Adani Enterprises (+6.3%), Divis Lab (+5.2%), NTPC (+4.2%) supported by Dr Reddy’s (+1.9%) and TCS (+1.8%). Meanwhile, top losers on Nifty 50 are: Axis Bank (-3.5%), Eicher Motors (-2.1%), UPL (-1.4%), Maruti Suzuki (-1.3%) and RIL (-1.2%).

Meanwhile, on the global front, China’s Yuan hit a 15-year low against the US dollar on Tuesday, after the Chinese central bank fixed the official guidance rate at its lowest level since 2008.

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