Markets trade under pressure

14 Aug 2023 , 01:02 PM

Domestic equity indices are trading with losses in Monday’s afternoon session to over month-low ahead of domestic inflation data due later in the day. Concerns about domestic industrial output and sluggish demand in top consumer China weigh on the market.

On the sectoral front, Nifty Bank and Financial Services indices fell 1%. Metal stocks are trading down y 2%. Media index is trading with an uptick of over 1%. All other sectoral indices are trading on the downside, at par with overall market sentiment.

At around 1.00 PM, BSE Sensex is trading 196 points lower at 65,126. NSE Nifty is trading at 19,352, down by 75 points.

Hindustan Unilever (+0.87%) is the top gainer on the Nifty pack today. IT majors Infosys (+0.77%) and LTIMindtree (+0.72%) are also trading higher. ONGC (+0.71%) and Reliance Industries (+0.58%) are the other gainers in today’s trade.

JSW Steel (-2.95%) is trading as the top laggard in today’s trade, followed by Adani Enterprises (-2.85%). SBI (-2.58%), Tata Steel (-2.12%), and Adani Ports (-2.12%) are trading about 2% lower.

A total of 11 stocks advanced, and 39 stocks declined in today’s trade.