iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Markets trade positive with Nifty 50 around 18,650; IT index drags

9 Dec 2022 , 09:47 AM

Market at higher point1
Indian markets were trading on a positive note on Friday’s opening bell amid volatility. A broad-based buying was witnessed across sectoral indices with PSU Banks and metal index outperformed, while substantial gains were added by auto, banking, FMCG stocks.

At around 09.44 AM, Sensex was trading at 62,693.48 up by 122.80 points or 0.20%. The benchmark was near the day’s high of 62,735.42.

Nifty 50 performed at 18,643.15 higher by 33.80 points or 0.18%. The benchmark was near the intraday high of 18,664.70.

In terms of sectoral indices, on NSE, the Metal, Auto, FMCG index soared more than 0.5% each. Except IT, all other sectoral indices are trading in the green.

Bulls on Nifty were – IndusInd Bank (+1.5%), Tata Steel and Grasim followed with more than 1% gains each. Eicher Motors climbed 1%,  Hindustan Unilever surged 0.91%. 

Bears on Nifty were – HCL Tech tumbling over 4.5% followed by Tech Mahindra and HDFC Life plunging by 0.5% and 0.3% respectively. Apollo Hospitals and Infosys also witnessed correction and were trading lower.

Asian markets opened in the green led by the Japanese “Nikkei’ which was up over 340 points in early trade as most Asian indices rebounded with the US cues. Chinese stocks have seen global ETF flows as the reopening has sent confidence in global investors with valuations being the cheapest in over 2 years.

Overnight, on the Wall Street, US markets witnessed bounce from oversold territory as the Dow Jones closes with gains of 183 while Nasdaq gains 123 points.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Asian markets
  • Auto sales
  • auto sector
  • Axis Bank share price
  • BSE live
  • bse sensex
  • f&o expiry
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.