Markets near day's low with Nifty below 18,100

2 Nov 2022 , 02:00 PM

Domestic benchmark indices trading in the red after a gap-down opening on Wednesday. Both the Sensex and Nifty benchmarks are marginally lower in the afternoon market session. Moreover, globally, markets are are waiting for the Fed commentary tonight which will indicate the further view for domestic market.

On the sectoral front banking, IT and auto index underperformed by tumbling between 0.2-1% with all major sectors trading in the red except metal and pharma stocks surging 1% and 0.7% respectively.

At around 2:00 PM, Sensex was trading at 60,924.87 lower by 196.48 points or 0.32%. Nifty 50 traded at 18,088.50 lower 56.90 points or 0.31%

Top Bulls on Nifty 50 are: Hindalco (+2.7%), ONGC (+2%), Sun Pharma (+1.6%) supported by ITC (+1.3%) and Dr Reddy’s (+0.68). Meanwhile, top losers on Nifty are: Apollo Hospitals (-2.9%), Bharti Airtel (-2.7%), Maruti Suzuki (-2.35%), Eicher Motors (-2.24%) and Hindustan Unilever (-1.75%).

Globally, Twitter’s new owner Elon Musk has announced that the verification blue tick in front of a user’s name that aunthenticates the account will now be available at a price of $8 per month.

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