Markets extend marginal gains; Nifty above 17,800

21 Feb 2023 , 03:35 PM

In Tuesday afternoon session, Domestic benchmark indices were trading with marginal upside, led by FMCG stocks as investors eye the U.S. Federal Reserve’s latest monetary policy meeting minutes to be released on Wednesday to anticipate the future rate-hike path of the central bank.

Recent data has raised concerns about inflation, raising the prospect of a prolonged higher-interest-rate regime in the world’s largest economy.

On the sectoral front, FMCG (+0.46%) and Metal stocks (+0.33%) were trading marginally higher. All other sectoral indices were trading under pressure.

At around 2.02 PM, BSE Sensex was trading 176 points higher at 60,874.77. NSE Nifty gained 43 points to trade at 17,885.55.

NTPC (+3.42%) was the top NSE gainer. Tata Steel (+1.38%), Britannia (+1.34%), Reliance Industries (+1.10%), and Adani Ports (+1.10%) joined the rally with a 1% uptick.

Apollo Hospital (-1.80%), Adani Enterprises (-1.66%), and Bajaj Auto (-1.63%) dropped about 2%, being the top NSE losers. Coal India (-1.53%) and Sun Pharma (-0.98%) weighed down the chart with about a 1% decline.

A total of 25 stocks advanced, 24 declined, and 1 remained unchanged on the Nifty index.

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