Sensex and Nifty trade lower, Nifty around 17000, Axis Bank stock is up 5%

Indian markets trade lower amid mixed global cues and volatility. Both Nifty and Sensex down 0.45%and 0.55% respectively. Nifty trades around 17000.

Nifty Media is the top gaining sector right now with 1% gains today. Most of the sectoral indices are marginally in the green. However, Nifty IT, Nifty Pharma, are Nifty Realty are under selling pressure. 

Axis bank posted good Q3 FY 22 earnings. As a result, the stock is up 4.90%. It is followed by Bharti Airtel (2.36%), and SBI (1.54%). On the other hand, index heavyweight stock Reliance is at last place on the index along with paint giant Asian Paints with 2.55% fall. 

Maruti Suzuki, Cipla, Pidilite, SRF, Birla Sun Life, and United Spirits are among the companies to report their Q3 earnings today.