Metals

MARKET LIVE: Sensex up 200pts, Nifty tests 18,100 led by metals, financials

Photo: Bloomberg

Stock updates: Benchmark indices were trading higher on Wednesday amid steady global cues, and healthy buying in metal, financials, and select IT and FMCG stocks.

The was quoting at 60,862.5 levels, up 208 points or 0.34 per cent. The Nifty50, meanwhile, was at 18,108 levels.

Tata Steel, Hindalco, HDFC Bank, HDFC, Wipro, ONGC, Kotak Bank, and SBI Life were the top large-cap gainers, rising in the range of 1 per cent to 2.1 per cent. Adani Enterprises, HDFC Life, Tata Motors, Adani Ports, Bajaj Auto, M&M, BPCL and SBI, meanwhile, were the top laggards, down up to 2.7 per cent.

In the broader markets, the BSE MidCap and SmallCap indices gained to 0.2 per cent each.

Individually, Bank of India fell over 4 per cent even as it posted net profit of Rs 1,151 crore, up 12 per cent YoY and 20 per cent sequentially.

Delta Corp, too, tumbled over 4 per cent after the company reported a standalone net profit of Rs 74.2 crore for the quarter ended December, 2022, (Q3FY23) as against a profit of Rs 66.86 crore recorded in Q3FY22

Among sectors, the Nifty Metal index led from the front, advancing 0.8 per cent on the National Stock Exchange (NSE). On the flipside, the Nifty PSU Bank index fell 1 per cent to trade as the top dragging index on the exchange. 

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