Markets trade lower amid volatility

16 Jan 2023 , 02:00 AM

Domestic benchmark indices are in a volatile session after giving-up initial gains on Monday’s trading session. Both the Sensex and Nifty benchmarks are showing volatility as the markets are keenly watching the quarterly results of financial year 2023.

On the sectoral front, major sectoral indices are trading in the red territory except IT and PSU Bank stocks. Auto and Metal stocks underperformed by tumbling around 100 points followed by Financial Services, Media, Pharma plunging marginally.

At around 2:00 PM, Sensex was trading at 60,198.37 lower by 62.81 points or 0.10%. Nifty 50 traded at 17,918.15 lower 38.45 points or 0.21%

Top Gainers on Nifty 50 are: Tech Mahindra (+2.4%), HCL Tech (+1.6%), Infosys (+1.5%) supported by Wipro (+1.1%) and Ultratech Cement (+1%). Meanwhile, top losers on Nifty are: Adani Enterprises (-2.8%), NTPC and JSW Steel (-1.4%) each, Axis Bank (-1.32%) and HUL (-1.3%).

Further, Maruti Suzuki shares on focus as the auto giant firm increased prices across models by 1.1%. This comes after the company recently strengthened its SUV line-up via the launch of Fronx & Jimny.

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