Markets trade positive with Nifty 50 around 15,900

6 Jul 2022 , 09:33 AM

Indian markets trade in the green led by broad-based buying despite weak global cues. Except metals and media stocks, all sectoral indices were trading on a positive note. Also on the global front, investors play cautiously as the meeting minutes of the Fed’s June policy meeting will be published later today which could bring some insights into handling growth and inflation.
 
At around 09.31 AM, Sensex was trading at 53,415.66 up by 281.31 points or 0.53%. The index was trading near the day’s high of 53,451.87.

Meantime, Nifty 50 surged by 54.80 points or 0.35% and was trading at 15,865.65. The index was also near the day’s high of 15,883.15.

In terms of sectoral indices, Nifty Bank, Nifty Auto, Nifty IT, Nifty Pharma, Nifty Realty gained between 0.2-0.7%. However, metals log profit booking from investors, tumbled over 1%. 

Gainers on NSE – Asian Paints climbed near 3% followed by BPCL, Bajaj Finance, Eicher motors and Bajaj Finserv jumped by 1.4% each.

Losers on NSE – ONGC tumbled near 5% while Hindalco slipped by 3.5% followed by Tata Steel, JSW Steel and Coal India plunged around 1.5% each.

In terms of sectoral indices, on NSE, the banking index outperformed by strengthening 230 points. Auto and IT stocks also jumped marginally to drive the index.

On the global front, Asian markets opened in the red but recovered morning losses with the Japanese ‘Nikkei’ trading lower by 150 points.

However, overnight, in the Wall Street, US markets saw huge pullback as Dow Jones closes lower by 120 points after being down over 730 in intra day trade as oil prices see biggest decline in over 4 months, crude slips to below US$ 99 or 10%.