Markets trade higher with Nifty above 17,000, Sensex surges near 300 pts

12 Oct 2022 , 02:00 PM

Domestic benchmark indices trading in the green on Wednesday’s market session led by banking, auto, IT and FMCG stocks. Both the Sensex and Nifty benchmarks were marginally higher and IT stocks in focus ahead of tech giants Wipro, HCL Tech results.

On the sectoral front, except metal and capital goods, all other sectoral indices are trading in the green.

At around 2:00 PM, Sensex was trading at 57,436.42 higher by 289.1 points or 0.51%. Nifty 50 traded at 17,059.35 higher 75.80 points or 0.45%.

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Top Bulls on Nifty 50 are: Power Grid (+2.86%), Bajaj Auto (+2.44%), Coal India (+2.44%) supported by Axis Bank (+2.06%) and NTPC (+1.77%). Meanwhile, top losers on Nifty 50 are: Adani Enterprises (-3.43%), Asian Paints (-1.71%), Dr Reddy’s (-1.41%), ICICI Bank (-0.96%) and Adani Ports (-0.45%).

Meanwhile, The International Monetary Fund (IMF) cuts India’s FY23 GDP forecast by 60 basis points (0.6%) to 6.8% in its latest report.

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