Markets trade higher ahead of F-;O expiry; Metal, Realty stocks top contributors

27 Oct 2022 , 02:00 PM

Domestic benchmark indices trading higher led by metal and realty stocks outperforming. Both the Sensex and Nifty benchmarks were marginally higher ahead of F&O expiry and positive asian cues.

Further, investors’ sentiments may improve higher on growing expectations that major central banks may tone down their aggressive stance on rate hikes.

On the sectoral front except IT and FMCG sectors under selling pressure, all other indices are trading in the green to drive the market sentiments.

At around 2:00 PM, Sensex was trading at 59,655.51 higher by 111.55 points or 0.19%. Nifty 50 traded at 17,700 higher 44.60 points or 0.25%.

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Top Bulls on Nifty 50 are: JSW Steel (+4.55%), Hindalco (+3%), Tata Steel (+2.96%) supported by Sun Pharma (+1.82%) and Bharti Airtel (+1.64%). Meanwhile, top losers on Nifty 50 are: Bajaj Finance (-2.15%), Bajaj Finserv (-1.61%), Nestle India (-1.58%), Asian Paints (-1.46%) and Tech Mahindra (-0.96%).

Meanwhile, India is the world’s third-largest importer and consumer of oil, and a rise in crude prices have a direct impact on inflation which may swayed the investors’ sentiments.

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