Main Area

Main

Stock market update: Midcap index rises over 1%, outperforms Sensex

24kShares
Stock market update: Midcap index rises over 1%, outperforms Sensex
Vedanta, with a gain of nearly 4 per cent, was leading among Sensex scrips.
NEW DELHI: Midcaps were outperforming equity benchmark Sensex in Friday's trading session.

Around 10:40 am, the BSE Midcap index was 1.15 per cent up at 16242, while the BSE Sensex was 0.79 per cent up at 37,458. The NSE Nifty50 was 0.80 per cent up at 11,335 around that time.

Torrent Pharmaceuticals (up 6.87 per cent), Adani Power (up 5.18 per cent), Vakrangee (up 4.93 per cent), Endurance Technologies (up 4.82 per cent) and Shriram Transport Finance Company (up 4.64 per cent) were among the top gainers in the midcap index.

On the other hand, Larsen & Toubro Infotech (down 1.78 per cent), The Ramco Cements (down 1.01 per cent), Aditya Birla Fashion and Retail (down 0.92 per cent), Petronet LNG (down 0.81 per cent) and Shriram City Union Finance (down 0.26 per cent) were among the top losers in the index around the same time.

Equity market was up on buying in all sectors, led by bank, financial, pharma and metal stocks.

In the Sensex index, 28 stocks were advancing and only three- Wipro, HDFC Bank and Asian Paints were trading with minor losses.

Vedanta, with a gain of nearly 4 per cent, was leading among Sensex scrips.

YES Bank, ICICI Bank, Axis Bank and Coal India climbed up to 2 per cent in the Sensex index.

Powered by MYPUBZ Team