Markets trade positive with Nifty above 18,100; Metal stock drive

27 Dec 2022 , 02:01 PM

Domestic benchmark indices trading positive after dull opening on Tuesday’s market session. Investor’s sentiment was lifted by metal stocks and mid-cap and small-cap index.

On the sectoral front, Metal index outperforming by rising over 3.5% with Auto, Banking, IT index surging marginally. Meanwhile, FMCG logged selling pressure from the investors.

At around 2:00 PM, Sensex was trading at 60,855.55 higher by 289.13 points or 0.48%. Nifty 50 traded at 18,103.10 higher 88.50 points or 0.5%

Top Bulls on Nifty are Hindalco (+5.5%), Tata Steel (+5%), JSW Steel (+4%) supported by Tata Motors (+2.7%) and ONGC (+2.2%). Meanwhile, top losers on Nifty are Apollo Hospitals (-1%), HUL (-0.9%), Nestle (-0.5%), Dr Reddy (-0.43%) and HDFC Bank (-0.42%).

Furthermore, oil prices neared a three-week high post China’s latest easing of Covid restrictions. Meanwhile, a rub-off was seen on oil producers ONGC and Oil India as they advanced between 2% to 3%.

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