Markets trade flat erasing early morning gains

5 Jul 2023 , 01:23 PM

Indian stock markets are trading flat in Wednesday’s afternoon session, erasing early morning gains amid the emergence of profit-taking, following a continuous and unprecedented surge in the past few trading sessions, without any signs of slowing down.

On the sectoral front, Nifty Bank and Financial Services indices are trading marginally lower, restricting the gains. Nifty Auto, FMCG, and Media stocks are trading with over a 1% uptick.

At around 1.15 PM, BSE Sensex is trading 54 points lower at 65,424. NSE Nifty is trading marginally lower at 19,388.

Divis’ Lab (+4.02%) is the top Nifty gainer today with a 4% uptick, followed by Hero MotoCorp (+3.70%). HDFC Life (+3.35%), Tech Mahindra (+3.05%), and Bajaj Auto (+2.82%) are trading 3% higher.

HDFC twins, HDFC Bank (-2.73%) and HDFC (-2.83%) are the top laggards as they would be replaced by LTIMindtree on the NSE index. Eicher Motors (-1.41%), Tata Consumer (-1.25%), and Bajaj Finserv (-0.83%) are trading about 1% lower.

A total of 26 stocks advanced, and 24 declined on the Nifty index today.