Markets trade lower with Nifty around 18,100; IT index only gainer

19 Jan 2023 , 02:00 PM

Domestic benchmark indices in a choppy session today amid volatility during afternoon market session on Thursday over recession worries and hawkish comments from US Fed Reserve officials.

On the sectoral front, except Nifty IT, all the sectoral indices are trading in the red while Nifty Media underperformed the most by slipping over 1%.

At around 2:00 PM, Sensex was trading at 60,918.03 lower by 127.71 points or 0.21%. Nifty 50 traded at 18,121.90 lower by 43.45 points or 0.24%

Top Gainers on Nifty are Coal India (+2.1%), UPL (+2%), Tata Steel (+1.35%) supported by ONGC (+1.3%) and SBI Life (+1.1%). Meanwhile, top losers on Nifty are Adani Enterprises (-4.1%), IndusInd Bank (-2.5%), HUL (-2.4%), Titan (-1.5%) and Adani Ports (-1.4%).

Furthermore, Adani Enterprises’ Rs2000 crore follow-on-public offer (FPO) will open on January 27 and close on January 31. The price range for the FPO has been fixed at Rs3,112-3,276 per share, implying a discount of 15% to Wednesday’s closing price. The Company has also offered a discount of Rs64 per share for retail investors.

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