Indices trade marginally lower as Banking and metal stocks struggle despite a surge in PSU Bank and Pharma stocks
BSE Sensex is currently trading at 49,652.63 down 93.58 points or 0.19%.
Nifty50 is currently trading at 14,845.95 down 27.85 points or 0.19%. Nifty Bank is trading down 0.41% at 32,649.10 while Mid-cap Index is up by 0.09%.
Sun Pharma, Cipla, Hindustan Unilever, Tata Motors and Dr Reddy are the top gainers while Bajaj Finance, UPL, Tata Steel, NTPC and Ultratech Cement are the top losers.
Nifty PSU Bank stocks are 3.3% higher while Pharma stocks climb 2.3% to drive the trade. Nifty Metal, Banking and Financial Services stocks are in the negative zone.
Out of 50 stocks traded on the NSE, 22 advanced and 28 declined.
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