Markets strongly in green

6 Oct 2022 , 10:26 AM

Domestic Markets started the Thursday morning session in the green as US markets hint at a base case scenario of a short and mild recession. On Thursday, investor sentiment remained positive across most of the indices with media and metal stocks outperforming.

Furthermore, the traders are hopeful of recovery in the upcoming Q2FY23 corporate earnings session.

At around 10.08 AM, Sensex was trading 448 points higher at 58,514.03 points. The index touched intraday high and low of 58,578.76 points and 58,293.34 points respectively.

Nifty 50 added about 138 points at 17,412.60. It touched an intraday high of 17,428.80 and a low of 17,344.75 so far.

On the sectoral front, NSE Media gained about 3.43%, followed by Metal adding nearly 2.51%. Auto (+1.42%) and Banking stocks (+0.87%) gained about 1%.

JSW Steel (+3.54%), Hindalco (3.26%), and Coal India (3.05%) were among the top NSE gainers. Tata Steel and Tata Motors also joined the rally.

Cipla, Britannia, Bajaj Finance, Hindustan Unilever, and IndusInd Bank were the top laggards on NSE.

Globally, US Markets remained under pressure as Dow Jones ended at 30,273.87. Nasdaq ended marginally lower at 11,148.

Further, Asian markets opened cautiously higher with about 0.7% gains in Japan’s Nikkei, to its highest level since September. MSCI’s broadest index of Asia-Pacific equities outside Japan climbed 0.4% in early Asian trade, led by gains in US futures.

For feedback and suggestions, write to us at [e-mail]