NIFTY moves slightly lower, Nifty Metal attracts investor attention, up 1.05%

The key equity barometers traded with slight losses in morning trades. Nifty moved in a range of 22706-22387. Nifty Metal, Nifty Pharma and Nifty Healthcare Index shares rose, while Nifty FMCG and Nifty IT shares declined.

At 10:45 IST, the barometer index, the S&P BSE Sensex, up 75.88 points to 73,199.71. The Nifty 50 index posted modest losses of 9 points or 0.04% to 22,591.

The broader market failed to keep pace with frontline indices. The BSE 150 MidCap Index added 0.35% and the BSE 250 SmallCap Index edged higher by 0.19%.

The market breadth was encouraging. On the BSE, 2592 shares gained and 2120 shares retreated. A total of 268 shares were unchanged.

Nifty Metal index rose 1.05% to 11599. The index has registered heavy losses of 13.71% in last one month and advanced 12.07% over last one year. Hindalco Inds., inching higher 2.85%, led the gainers followed by JSW Steel, adding 2.69% and Jindal Steel, up 2.57%, respectively. Out of 15 index constituents, 10 are reporting gains today.

Nifty Pharma index moved higher by 0.74% to 25518. The index has declined 6.71% in last one month and climbed 12.67% over last one year. Dr Reddy's Labs, edging up 3.92%, led the gainers followed by Glenmark Pharma., gaining 3.21% and Ajanta Pharma, inching higher 2.19%, respectively. Out of 20 index constituents, 15 are reporting gains today.

Nifty FMCG index inched down 0.76%. The index has shed 7.74% in last one month and tumbled 24.82% over last one year. Tata Consumer, edging lower 3.55%, led the losers followed by Dabur India, slipping 1.98% and Godrej Consumer, losing 1.34%, respectively. Out of 15 index constituents, 11 are reporting loss today.

Out of 14 sectoral indices on NSE, 8 are in red today. Nifty Metal index has plunged 13.71% in last one month and has surged 12.07% over last year. Nifty FMCG index has slumped 7.74% in last one month and has registered heavy losses of 24.82% over last one year.

From NIFTY50 index, Vodafone Idea, JP Power Ven. AND Yes Bank are leading in terms of volumes today, clocking turnover of 822.89 lakh shares, 845.48 lakh shares and 530.99 lakh shares respectively.

Asian markets posted modest gains on Monday. China’s Shanghai composite is modestly higher by 0.09%, Hong Kong’s Hang Seng is trading higher by 0.66%. Japan’s Nikkei 225 is down 0.15%.

NIFTY50 Oct-26 futures are in discount of 95.50 points today.