Markets seeing profit booking

6 Feb 2023 , 01:46 PM

By 1:35 p.m. afternoon, Indian equity markets are in red. Markets are seeing profit booking after the sharp rally of Friday.  Nifty 50 is down by 103.05 points. Sensex is down by 356.84 points. Top Gainers are Adani Ports, IndusInd Bank, Hero Motors. Top Losers are Divi’s Lab, Adani Enterprises and JSW Steel.

Some large cap stocks are seeing selling pressure. Buying demand is being seen in some midcap stocks. Vodafone-Idea’s share price is up by 24%. This is happening after the government’s decision to get the AGR dues of the company converted into equity.

Stocks of PSU banks are seeing buying demand. Metal stocks are seeing selling pressure.  Idea, Yes Bank, and PNB are being most actively traded, in terms of volume, at NSE. Adani Enterprises, Adani Ports and Reliance are being most actively traded, in terms of value.