Markets trade higher with Nifty around 18,600, Sensex jumps nearly 400 pts

13 Dec 2022 , 01:47 PM

Domestic benchmark indices trading higher on Tuesday’s market session. Investor’s sentiment was lifted by data showing domestic retail inflation for November eased below the RBI’s tolerance limit, although focus will now be on the US inflation data due later today.

On the sectoral front, IT index outperforming by rising over 270 points with PSU Bank index surging over 2.6% followed by auto, banking stocks in the fast lane. Meanwhile, FMCG and realty index logged selling pressure.

At around 2:00 PM, Sensex was trading at 62,464.80 higher by 334.23 points or 0.54%. Nifty 50 traded at 18,588.5 higher 91.30 points or 0.49%

Top Bulls on Nifty are: Infosys (+1.8%), Bajaj Finance (+1.6%), IndusInd Bank (+1.5%) supported by M&M (+1.4%) and HCL Tech (+1.3%). Meanwhile, top losers on Nifty are: Apollo Hospitals (-0.95%), UPL (-0.92%), BPCL (-0.77%), Hindalco (-0.64%) and Nestle (-0.48%).

Furthermore, India’s annual retail inflation eased to 5.88% in November from 6.77% in October month, amid softer rise in food prices, government data showed on Monday, bolstering expectations of a slower pace of interest rate hikes. 

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