Markets trade under pressure; Nifty falls below 19,450

13 Nov 2023 , 01:15 PM

Indian benchmark indices are trading with sharp decline in Monday’s afternoon session as the investors eye domestic inflation data for October.

On the sectoral front, all the major sectoral indices are trading under pressure. Nifty Metal stocks are holding a firm ground with marginal gain. Nifty PSU Bank is trading 1.63% higher. High weigtage IT and financials declined about 0.5% each.

At around 1.00 PM, BSE Sensex is trading 333 points lower at 64,926, dragged down by declines in all major sectoral indices. Nifty 50 is down by 82 points and is currently trading at 19,444.

In the special one-hour ‘muhurat’ trading session on Sunday, the Nifty 50 and Sensex touched three-week highs, gaining more than 0.5% each, fueled by advances in energy and information technology firms.

Coal India (+4.53%) is trading as the biggest gainer on nifty index following announcement of its Q2 results. Eicher Motors (+1.89%) is trading with an uptick of 2%. NTPC (+1.35%), Hindalco (+1.32%), and IndusInd Bank (+0.79%) all are trading with a gain of about 1% post their quarterly results.

On the other hand, SBI Life (-1.90%) is trading about 2% lower. Bajaj Finance (-1.31%), Apollo Hospitals (-1.29%), HDFC Life (-1.12%), and Tech Mahindra (-1.10%) are down by about 1%.

The retail inflation data for October is set to be released later in the day, after market hours.

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