Due to purchasing in real estate, automobile, and banking sectors, Indian stock markets continued to move in positive territory in the midday session. Buying in frontline equities like SBI, Maruti Suzuki, and NTPC aided sentiment, but selling in Ultratech Cement, Asian Paints, and Power Grid limited market gains.

Also Read| Top 5 cryptocurrencies of the day: BTC down by 1%, Terra LUNA trends at no. 1

Asian markets were mixed, with the Hang Seng up 29.70 points or 0.15% to 19,928.47, the Nikkei 225 up 119.40 points or 0.45% to 26,547.05, and Taiwan Weighted up 68.50 points or 0.43% to 15,901.04. The Shanghai Composite was down 17.09 points, or 0.55%, to 3,067.19, while the KOSPI fell 3.58 points, or 0.14%, to 2,600.66.

Also Read| Gold, silver and other metal prices on Monday, May 16, 2022

The Sensex is presently trading at 53,058.18, up 264.56 points or 0.50% from a low of 52,632.48 and a high of 53,428.28. On the index, there were 18 stocks that advanced and 12 stocks that declined.

Also Read| Sensex surges 273 points while Nifty around 15,870 in early trade

The top gainers on the Sensex were SBI up by 2.09%, Maruti Suzuki up by 2.05%, NTPC up by 1.46%, Kotak Mahindra Bank up by 1.30% and Indusind Bank was up by 1.27%. On the flip side, Ultratech Cement was down by 2.41%, Asian Paints was down by 1.85%, Power Grid down by 1.48%, Tech Mahindra down by 1.46% and Dr Reddy’s Lab was down by 1.36% were the top losers.

Also Read| Trending Stocks: BoB, RIL, Eicher, Nazara, and others in news today

The broader indices were trading in green with the BSE Midcap index rising 0.65%, while the Small cap index was up by 0.32%. The top gaining sectoral indices on the BSE were Realty up by 1.78%, Auto up by 1.31%, Bankex up by 1.10%, PSU up by 0.88% and Telecom was up by 0.85%, while TECK down by 0.61%, IT down by 0.59%, FMCG down by 0.34%, Oil & Gas down by 0.16% and Consumer Durables was down by 0.07% were the top losing indices on BSE.

Also Read| Trade Setup: Top 15 things to know before market opens on May 16, 2022

The top gainers on the Sensex were SBI up by 2.09%, Maruti Suzuki up by 2.05%, NTPC up by 1.46%, Kotak Mahindra Bank up by 1.30% and Indusind Bank was up by 1.27%. On the flip side, Ultratech Cement was down by 2.41%, Asian Paints down by 1.85%, Power Grid down by 1.48%, Tech Mahindra down by 1.46% and Dr Reddy’s Lab was down by 1.36% were the top losers.

Also Read| Stocks that should be on your watchlist on Monday, May 16, 2022

The Nifty is presently trading at 15,853.25, up 71.10 points or 0.45% after trading in a range of 15,739.65 and 15,977.95. On the index, 28 stocks advanced and 22 stocks declined.

Also Read| Fuel price today: Petrol and Diesel rates remain unchanged on May 16, 2022

The top gainers on Nifty were Eicher Motors up by 5.86%, Apollo Hospital up by 3.13%, SBI up by 2.24%, Maruti Suzuki up by 2.10% and Bajaj Auto was up by 1.88%. On the flip side, Shree Cement down by 3.11%, Ultratech Cement down by 2.35%, Grasim Industries down by 1.92%, Asian Paints down by 1.75% and Tata Motors was down by 1.68% were the top losers.