Markets trade flat; Nifty below 18,750

14 Jun 2023 , 01:11 PM

Indian stock markets are trading with marginal gains in the Wednesday afternoon session as traders hold off bets ahead of the US Federal Reserve’s interest rate hike pause. India’s May inflation stood at -3.48%.

On the sectoral front, Nifty Bank, IT, and Media stocks drag. Nifty Metal pack is trading ~1% higher. All other sectoral indices are in modest gains.

Nifty Midcap 50 stocks are trading with a marginal upside of 0.14%. India’s Volatility index is trading 1.26% higher.

At around 1.00 PM, BSE Sensex is trading 33 points higher at 63,176. NSE Nifty is trading up by 28 points at 18,744.

Tata Consumer (+4.93%) is the biggest gainer on the nifty index today. JSW Steel (+1.82%), Power Grid (+1.63%), Tata Steel (+1.57%), and NTPC (+1.51%) are trading with an uptick of ~2%.

Bajaj Finance (-1.02%), Bharti Airtel (-0.88%) is trading 1% lower. IndusInd Bank (-0.88%), ICICI Bank (-0.70%), and Bajaj Auto (-0.69%) are trading marginally lower.

A total of 31 stocks advanced, and 19 stocks declined on the nifty index.