The key equity barometers traded with minor gains in morning trades. Nifty moved in a range of 22758-22655. Nifty IT, Nifty Chemicals and Nifty FMCG shares advanced, while Nifty Pharma and Nifty Healthcare Index shares fell.
NIFTY soared 1.60% in last session and moved lower by 1.72% over last one-week.
At 12:15 IST, the barometer index, the S&P BSE Sensex, up 98.27 points to 73,132.05. The Nifty 50 index inched up 5.70 points or 0.03% to 22,727.65.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index posted modest gains of 0.15% and the BSE 250 SmallCap Index moved higher by 0.40%.
The market breadth was well-supported. On the BSE, 3029 shares rose and 1813 shares retreated. A total of 266 shares were unchanged.
Nifty IT index advanced 1.33% to 30226. The index has posted modest gains of 0.93% in last one month and slumped 15.57% over last one year. Infosys, inching higher 2.24%, led the gainers followed by Wipro, edging up 1.78% and LTM, up 1.73%, respectively. Out of 10 index constituents, 7 are reporting gains today.
Nifty Chemicals index rose 1.09% to 28668. The index has eased by 1.40% in last one month and edged lower by 2.82% over last one year. P I Industries, adding 4.33%, led the gainers followed by UPL, gaining 2.98% and Chambal Fert., inching higher 2.80%, respectively. Out of 21 index constituents, 18 are reporting gains today.
Nifty Pharma index declined 1.12%. The index has posted modest losses of 0.43% in last one month and recorded robust gains of 17.43% over last one year. Ipca Labs., losing 2.41%, led the losers followed by Dr Reddy's Labs, easing 2.04% and Sai Life, slipping 1.82%, respectively. Out of 20 index constituents, 16 are reporting loss today.
Asian markets were marginally lower on Wednesday. China’s Shanghai composite is trading lower by 0.79%, Hong Kong’s Hang Seng is slightly higher by 0.09%. Japan’s Nikkei 225 is modestly lower by 0.05%.
In Europe, German DAX ticked up 0.33%, UK’s FTSE 100 edged lower 0.06% and French CAC slipped 0.07%.
Indian Rupee is marginally weaker by 0.79% at 95.69 per US dollar.
