Markets trade flat; Nifty steady above 18,800

21 Jun 2023 , 01:07 PM

Indian stock markets are trading with slight gains in Wednesday’s afternoon session after touching record highs in the early morning session. Markets witnessed persistent foreign inflows into equities on the back of robust macroeconomic data.

On the sectoral front, Nifty Metal stocks are trading ~1% lower. Nifty Financial Services index is uplifting the chart with a ~1% uptick. FMCG stocks are trading under pressure. All other sectoral indices are trading in a flat trajectory.

At around 1.00 PM, BSE Sensex is trading 160 points higher at 63,468. NSE Nifty is trading with a gain of 35 points at 18,851.

Power Grid (+2.41%) is the biggest gainer on the nifty index today. HDFC Life (+1.77%), HDFC Bank (+1.34%), and HDFC (+1.17%) are trading ~2% higher on acquisition of additional shares. Hero MotoCorp is up by ~1%.

JSW Steel (-2.11%) is today’s top laggard, followed by Hindalco (-1.90%). Axis Bank (-0.95%), Apollo Hospital (-0.91%), and Mahindra & Mahindra (-0.82%) are down by 1% each.

A total of 25 stocks advanced on nifty today, while 24 declined and 1 registered no changes.