Markets are witnessing trades under pressure, vowing to the bleak cues from weak global markets. However sector specific and stock specific movements are seen across the counters.
Banking stocks have obtained the demand again. Bank of Baroda has seen a surge of 2.83%, while the Punjab National Bank (PNB) has moved up by 2.2% in today’s trade. Indus Ind Bank is up by 1.9%. Both ICICI Bank and Axis Bank have moved up by 1% each.
Some of the pharma stocks have seen declines. Dr. Reddy’s and CIPLA are trading with 1% cuts.
The CNX Nifty Junior index is up by 112 points. Adani Enterprises, which had corrected after witnessing a sudden spike in the previous week, has regained its momentum. Today the stock has moved up by 10% and is trading at 462.