Markets trade flat amid volatility; Nifty below 17,800 dragged by metals

28 Oct 2022 , 02:00 PM

Domestic benchmark indices in a volatile session and trading flat after a gap-up opening on Friday. Both the Sensex and Nifty benchmarks are in the green during the afternoon market session amid  mixed global cues.

On the sectoral front metal index underperformed by tumbling around 2%, where IT, pharma and banking stocks dived 1% each as all the sectors trading in the red except oil & gas surging above 1%.

At around 2:00 PM, Sensex was trading at 59,844.77 higher by 87.93 points or 0.15%. Nifty 50 traded at 17,751.45 up by 14.50 points or 0.08%

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Top Bulls on Nifty are: Apollo Hospitals (+2.84%), RIL (+2.52%), Power Grid (+2.21%) supported by ONGC (+1.86%) and NTPC (+1.85%). Meanwhile, top losers on Nifty are: Tata Steel (-2.93%), Hindalco (-2.76%), ICICI Bank (-2.23%), Grasim (-2.15%) and Tech Mahindra (-2%).

Moreover, Asian shares fell on Friday and were set to snap a three-day winning streak, while U.S. stocks were mixed at close on Thursday, as investors balanced mixed earnings reports and economic data.

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