Markets slide tracking global equities

20 Jun 2023 , 01:04 PM

Indian stock markets are trading with a decline in today’s trade, tracking global equities as investors remain cautious ahead of US Fed Reserve Chair Jerome Powell’s congressional testimony.

On the sectoral front, the Nifty Media index is weighing down the chart with about a 2% decline. Nifty Bank and Financial Services indices are trading on the downside. Nifty IT and Metal and lending some support to the broader indices with about a 1% upside.

Midcap stocks are relatively stable and smallcap stocks are trading with a slight increase of 0.09%.

At around 1.00 PM, BSE Sensex is trading 104 points lower at 63,064. NSE Nifty is trading with a decline of 24 points at 18,731.50.

Tata Motors (+2.67%) and HCL Tech (+2.40%) are leading the gainers. HDFC Life (+2.03%), Power Grid (+1.77%), and Eicher Motors (+1.36%) are trading with an uptick of over 1.5%.

Bajaj Finance (+-2.28%) and Bajaj Finserv (-2.04%) are the top NSE laggards. Ultra Tech Cement (-1.11%), Mahindra & Mahindra (-0.97%), and IndusInd Bank (-0.78%) are trading on the downside.

A total of 23 stocks advanced on the nifty index, and 27 declined.