Opening bell: Domestic bourses trade higher owing to positive sentiments in Asia Pacific markets
Pharma and FMCG stocks are on the rise.
On Thursday morning, the benchmark equity indices were trading higher owing to positive cues from the Asia Pacific markets.
The unemployment rate in China went down and the Bank of Singapore has tightened its monetary policy. The US equity indices S&P 500 and Nasdaq were seen trading lower, as the markets reacted to the poor inflation data and fears of an aggressive rate hike by the Fed.
The Sensex is at 53,768.47, up by 254.32 points or 0.48% whereas the Nifty 50 is trading at 16,052.70, up by 86.05 points or 0.5%, since the last trading session. Nifty Bank was also up, by 0.30% and trading at 34,932.85. BSE Midcap was trading at 22,809.39, up by 0.24% and BSE Smallcap was at 25,847.58, up by 0.22%.
The top gainers on the frontline indices this morning were Sun Pharmaceutical Industries, Dr Reddy’s laboratories, Kotak Mahindra Bank, Bajaj Finserv, and IndusInd Bank. Whereas, the top losers were NTPC, Axis Bank, Hindustan Unilever, Tata Steel, and TCS.
On the BSE, 1,668 shares have advanced, 1,196 shares have declined, and 139 are unchanged. Also,146 stocks have hit their upper circuit and 102 stocks have hit their lower circuit. almost 58 stocks have hit their upper circuit, whereas 9 stocks have touched their lower circuit.
The stocks of Adani Green Energy, One97 COmmunications, Mindtree, Tata Elxsi, and Reliance Industries saw a major turnover in their volumes.
The top trending stocks on BSE, this morning are Hindustan Zinc, Tata Steel, Tata Elxsi, Zomato, Adani Green Energy, Mindtree, and Reliance Industries.
On the sectoral front, Pharma and Healthcare sectors were leading by 1%, followed by FMCG, and Consumer durables. The power sector and Utilities were lagging by 1%.
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