Markets

Market Now: BSE Midcap index outperforms benchmark Sensex

NEW DELHI: The BSE Midcap index was outsmarting benchmark Sensex in Wednesday's trade.

At 10:45 hours, the BSE Midcap index was 0.85 per cent up at 16,996, while the BSE Sensex was 0.11 per cent up at 34,338. The NSE Nifty50 was 0.12 per cent up at 10,553.

Reliance Communications (up 6 per cent), Glaxosmithkline Consumer Healthcare (up 5 per cent) and Vakrangee (up 5 per cent) were the top gainers in the BSE Midcap index.

However, Bank of India (down 5.49 per cent), Canara Bank (down 3.14 per cent) and Union Bank of India (down 2.82 per cent) were the top losers in the midcap index around that time.

Equity benchmarks were firm, backed by gains in IT, telecom, financial and metal stocks.

Among the 50 stocks in the Nifty50 index, 27 were trading in the green, while 23 were in the red.

Bharti Airtel, Wipro, Adani Ports and Reliance Industries were among the top gainers in the Sensex kitty of stocks.

On the contrary, Power Grid Corporation, State Bank of India, Axis Bank and Asian Paints were among the top losers in the Sensex index.

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