Markets trade marginally lower

1 Aug 2023 , 01:19 PM

Indian benchmark indices are trading with marginal declines in Tuesday’s afternoon session on broad-based gains after starting the week with positive numbers.

On the sectoral front, Nifty IT stocks are trading with gains on signs of moderation in the US inflation. Nifty Realty is trading about 2% lower. All other sectoral indices are trading under pressure. Small-cap and midcap stocks are trading with gains, outpacing the blue chip index.

At around 1.10 PM, BSE Sensex is trading at 66,455.21, down by 72 points. NSE Nifty is trading 25 points lower at 19,728.

Coal India (+4.60%) is the top gainer on the nifty pack today as the company posted robust production volume in June 2023. NTPC (+3.00%) is trading with an uptick of about 3%, followed by Tech Mahindra (+2.56). LTI Mindtree (+1.74%) and Eicher Motors (+1.38%) are supporting the chart with nearly 1.5% gains.

Power Grid (-5.77%) is trading as the top laggard, as the company’s profit slipped about 5% during Q1. Hero MotoCorp (-3.38%) is trading 3% lower as ED raids Chairman’s house. Apollo Hospital (-2.48%), IndusInd Bank (-1.84%), and Adani Ports (-1.63%) are putting pressure on the chart with about a 2% dip.

A total of 21 stocks advanced, and 29 declined on the nifty index today.