Markets trade in gains tracking global cues

31 Jul 2023 , 01:10 PM

Indian stock markets are trading in positive sentiment in Monday’s afternoon session. However, gains were restricted as decline in financial services stocks due to weak Q1 earnings offset gains in metal stocks.

On the sectoral front, Nifty FMCG stocks are down by 0.60%, led by a 2% downfall in United Breweries. Metal index rose 1.25% on increased prospects of a Chinese stimulus package to stimulate the country’s economy. All other sectoral indices are trading with gains.

At around 1.00 PM, BSE Sensex is trading 183 points higher at 66,332.57. NSE Nifty is trading at 19,698, up by 50 points.

NTPC (+3.24%) is trading as the biggest gainer in today’s trade with over a 3% uptick. Adani Ports is up by 2.5%. ONGC (+2.27%), Power Grid (+2.25%), and Tech Mahindra (+2.03%) are the other gainers in today’s trade.

Apollo Hospital (-2.47%) is the top Nifty loser, followed by Britannia (-2.31%). HDFC Life (-2.09%) and Divis Lab (-1.65%) are down by 2%. Kotak Bank (-1.17%) is the other loser on the nifty index.

A total of 30 stocks advanced, and 20 declined on the nifty index today.