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Sensex Trades in Green; ITC & IndusInd Bank Top Gainers
Mon, 4 Jul 01:30 pm

After opening the day on a choppy note, share markets in India have erased early losses and are presently trading in green.

Benchmark indices reversed course as gains in index heavyweight stocks helped the sentiment. ITC share price gained 3% while IndusInd Bank, ICICI Bank and HUL also rallied 2%.

Earlier in the day, Indian share markets started on a negative note dragged by metal stocks due to demand worries and weaker sentiment in global markets.

Metal stocks fell as iron ore and steel prices tumbled on fears of a slump in demand for commodities.

Adding to worries was weak Asian market sentiment.

Currently, the is trading up by 149 points, up 0.3%, at 53,040 levels.

Meanwhile, the rose above the 15,750-mark and is trading up by 25 points.

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ITC and IndusInd Bank are the top gainers while Tata Steel and M&M are the top losers today.

Broader markets are also trading in green. The BSE Smallcap index is up 0.4% while the BSE Midcap index gained 0.3%.

Avenue Supermarts share price rose 3% today after the company posted its business update.

Radhakishan Damani, who owns and operates the retail chain DMart, saw his wealth rising nearly Rs 44 bn due to this rally.

Private lender IndusInd Bank also rallied following a strong business performance for the first quarter of the financial year 2021-2022.

IndusInd Bank's total deposits jumped by 13% while net advances rose by 18% YoY.

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