Markets remain bearish with Nifty around 17,000-levels

3 Oct 2022 , 02:00 PM

Indian shares inched lower on Monday’s trading session, dragged by metal and IT companies, as global investors remained on edge following higher-than-expected US inflation numbers, while India’s manufacturing PMI falls to 3-month low in September. However, on the sectoral front pharma index outperforming by rising around 1.2% while banking, auto, FMCG and IT index remained under selling pressure

At around 2:00 PM, Sensex was trading at 57,112.04 lower by 314.88 points or 0.55%. Nifty 50 traded at 16,998.20 lower 96.15 points or 0.56%
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Top Bulls on NSE are: ONGC (+4.1%), Cipla (+2.3%), Divis Lab (+2.2%) supported by Coal India (+2%) and BPCL (+1.7%). Meanwhile, top losers on NSE are: Adani Enterprises (-5.3%), Eicher Motors (-4.2%), Maruti (-2.6%), Kotak Bank (-2%) and Tata Consumers (-1.8%).

Meanwhile, the manufacturing Purchasing Manager’s Index (PMI), compiled by S&P Global, dropped to 55.1 in September from 56.2 in August month which makes investors nervous. 

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