iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Markets in upward trend; Nifty tests 19,500

14 Jul 2023 , 01:22 AM

Indian benchmark indices are trading with gains in yet another session despite an overall overbought position. Investors are highly positive on hopes of US Federal Reserve’s rate hike pauses. Lower-than-anticipated inflation in the US increased the likelihood of the Federal Reserve concluding its interest rate hikes soon after July.

On the sectoral front, the Nifty IT index is supporting the upside in Nifty 50 by over 3% gain. Nifty Media stocks are trading with an uptick of ~2%. All other sectoral indices are holding the upward trend.

At around 1.10 PM, Nifty 50 is trading 87 points higher at 19,500.65. BSE Sensex is up by 234 points at 65,792.70.

IT index is flooded with gains as the top 5 gainers on the nifty index are all IT stocks. Tech Mahindra is trading 4% higher. TCS (+3.32%) and Infosys (+3.11%) are trading with an uptick of 3%. HCL Tech (+2.91%) and LTI Mindtree (+2.90%) are also fuelling the rally.

HDFC Life (-2.51%) is the biggest laggard on nifty index. NTPC (-1.14%), Titan (-1.13%), Power Grid (-1.05%), and Dr Reddy’s (-0.98%) are all trading on the downside.

A total of 29 stocks advanced on the nifty index, and 21 declined.

 

explored-media

Related Tags

  • BSE
  • Market Outlook
  • nifty
  • NSE
  • sensex
  • stock market
  • stock market news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.