Small & midcaps in green, pharma, FMCG, consumer durables jump
Broader indices consolidate in the first half of the trading session, with the Sensex trading 50 points higher at 29432 while Nifty consolidates with a positive bias at 8933, up 10 points.
It seem that the market had already factored in the repo rate cut post Budget as any further up move was not witnessed after the announcement on Wednesday. Sensex and Nifty had hit fresh highs in trade yesterday with the Sensex hitting 30k levels for the very first time, and Nifty touching the 9100 mark before giving up gains amid profit booking in the last hour of trade.
The small and mid-caps are outperforming the larger peers with over half a percent in gains, with the BSE small-cap index jumping 0.6% higher and the CNX midcap trading with health gains or near to a percent.
The Indian rupee spot is trading flat at Rs 62.23 against the US dollar, after gaining strength in the opening trade.
The market breadth on the NSE is highly positive with 808 shares advancing, 551 shares declining and 324 shares remaining unchanged on the exchange, while that on the BSE is neutral with three of every five BSE listed shares in green
It seem that the market had already factored in the repo rate cut post Budget as any further up move was not witnessed after the announcement on Wednesday. Sensex and Nifty had hit fresh highs in trade yesterday with the Sensex hitting 30k levels for the very first time, and Nifty touching the 9100 mark before giving up gains amid profit booking in the last hour of trade.
The small and mid-caps are outperforming the larger peers with over half a percent in gains, with the BSE small-cap index jumping 0.6% higher and the CNX midcap trading with health gains or near to a percent.
The Indian rupee spot is trading flat at Rs 62.23 against the US dollar, after gaining strength in the opening trade.
The market breadth on the NSE is highly positive with 808 shares advancing, 551 shares declining and 324 shares remaining unchanged on the exchange, while that on the BSE is neutral with three of every five BSE listed shares in green
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