Indian equity benchmarks were trading lower in midday trade on January 23, with selling pressure seen across broader indices. Despite the weak overall sentiment, select heavyweight stocks from the Nifty 50 managed to post gains and provided limited support to the index.
At around midday, the Nifty was down 0.31%, while the Sensex slipped 0.35%. Bank Nifty and Midcap Nifty also traded in the red.
Among the top gainers, Asian Paints led the chart, rising 2.4% to Rs 2,768.4, emerging as the strongest performer within the index during the session.
Dr. Reddy’s Laboratories followed with a gain of 2.0%, trading at Rs 1,242.1, while Hindustan Unilever advanced 1.5% to Rs 2,427.0.
Information technology stocks also saw selective buying. Tata Consultancy Services rose 1.3% to Rs 3,191.5, and Tech Mahindra gained 1.2% to Rs 1,707.8.
In the metals and auto space, Hindalco Industries added 1.0% to trade at Rs 954.1, while Bajaj Auto was also up 1.0% at Rs 9,462.5.
Other stocks trading higher included HCL Technologies, up 0.9% at Rs 1,718.0, Cipla, which gained 0.9% to Rs 1,382.2, and Titan Company, rising 0.8% to Rs 4,050.0.
Note: Market data changes rapidly during trading hours. These figures are based on snapshots around midday; check live sources like NSE India.
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