Markets trade higher with Nifty above 18,650; Hindalco, ONGC top contributors

14 Dec 2022 , 02:00 PM

Domestic benchmark indices trading positive on Wednesday’s market session. Investor’s sentiment was lifted by US consumer prices surged less than expected in November month.

On the sectoral front, IT index outperforming by rising over 300 points with Metal, Media, PSU Bank index surging over 1% each followed by auto, pharma stocks in the fast lane. Meanwhile, FMCG logged selling pressure from the investors.

At around 2:00 PM, Sensex was trading at 62,679.10 higher by 145.8 points or 0.23%. Nifty 50 traded at 18,662.95 higher 54.95 points or 0.3%

Top Bulls on Nifty are: Hindalco (+2.4%), ONGC (+2.1%), NTPC (+1.95%) supported by JSW Steel (+1.84%) and Tech Mahindra (+1.65%). Meanwhile, top losers on Nifty are: Nestle India (-1.6%), HUL (-1.1%), Asian Paints (-0.99%), Bharti Airtel (-0.8%) and Hero MotoCorp (-0.7%).

Furthermore, the market focus now shifts to the Federal Reseve’s policy decision scheduled at 00:00 a.m. IST on Thursday (1900 GMT).

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