Markets trade positive; Sensex climbs 200 pts, Nifty around 18,200; Metals shine

2 Jan 2023 , 02:00 PM

Domestic benchmark indices in a fast rally during afternoon market session after a flat start on Monday.

On the sectoral front, Nifty Metals index outperforming by rising around 2% with IT, Consumer goods and oil & gas index surging marginally. Meanwhile, pharma and FMCG stocks logged selling pressure from the investors.

At around 2:00 PM, Sensex was trading at 61,054.72 higher by 213.98 points or 0.35%. Nifty 50 traded at 18,165.40 higher 60.10 points or 0.33%

Top Bulls on Nifty are Tata Steel (+5.9%), Hindalco (+3.3%), ONGC (+2.3%) supported by Tata Motors (+1.7%) and JSW Steel (+1.6%). Meanwhile, top losers on Nifty are Bajaj Auto (-2%), Asian Paints (-1.47%), Titan (-1.2%), Cipla (-1.04%) and Divis Lab (-0.99%).

Furthermore, Metals rose over 1.5% after China announced plans to raise export tariffs on aluminium from January 1 in a bid to improve domestic demand. According to the analysts, this will aid market-share growth for Indian companies.

Also, Tata Motors stocks jumped nearly 2% after the company reported a 10% growth in domestic sales in December.

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