As of 9:45 AM, the Nifty 50 index is currently trading at 24,974.05, up 150.90 points or 0.61%. Notably, IT and Metals sectors are showing strong performance today. This uptick can be attributed to the recent speech by the Federal Reserve Chair on Friday, which hinted at potential rate adjustments.
| Rank | Stock Name | LTP (₹) | Change (%) | Open (₹) | High (₹) | Low (₹) |
|---|---|---|---|---|---|---|
| 1 | Wipro | 523.80 | +2.22 | 516.00 | 524.55 | 515.95 |
| 2 | ONGC | 325.55 | +2.09 | 323.50 | 326.80 | 322.80 |
| 3 | LTIMindtree | 5,746.40 | +1.86 | 5,660.00 | 5,752.25 | 5,649.75 |
| 4 | TCS | 4,541.55 | +1.74 | 4,489.00 | 4,548.25 | 4,485.00 |
| 5 | Tech Mahindra | 1,622.05 | +1.48 | 1,610.00 | 1,632.20 | 1,609.00 |
| 6 | Bajaj Finserv | 1,665.00 | +1.53 | 1,649.00 | 1,666.40 | 1,638.75 |
| 7 | Power Grid | 340.40 | +1.23 | 336.45 | 340.85 | 335.85 |
| 8 | HDFC Bank | 1,643.50 | +1.14 | 1,632.20 | 1,645.55 | 1,632.20 |
| 9 | HCL Tech | 1,679.50 | +1.09 | 1,671.00 | 1,681.00 | 1,667.10 |
| 10 | Hindalco | 692.00 | +1.01 | 694.40 | 697.70 | 689.50 |
Note: LTP stands for Last Traded Price. All data as of 9:45 AM.
The IT sector, represented by companies like Wipro, TCS, LTIMindtree, Tech Mahindra, and HCL Tech in the top 10 gainers, is particularly responsive to U.S. economic indicators due to their significant exposure to the American market. The potential for rate adjustments could benefit these companies by potentially lowering borrowing costs and improving the business environment for their U.S. clients.
Similarly, the Metals sector, represented by Hindalco in the top 10, often reacts positively to signals of economic easing, as it can lead to increased infrastructure spending and demand for metal products.
These gains reflect positive sentiment in the IT, banking, and energy sectors. Investors will be watching closely to see if this momentum continues throughout the trading session.
