BSE Mid-cap index has been outperforming the major indices in the market in the morning hours on Wednesday. NLC India Limited is the top gainer in the index trading higher by around 8% at Rs 106.85 per share. It is ‘Navratna’ Public Sector Enterprise, under the administrative control of Ministry of Coal.The company is looking for increasing the borrowing powers of board of directors upto Rs 35,000 Cr and for creation of security on the assets of the Company up to that value
There were 986 advances, 536 declines and 425 unchanged stocks on NSE reflecting strong positive undertone in the market.
At 10 AM, the S&P BSE Sensex is trading at 31171 up 12 points, while NSE Nifty is trading at 9626 up 1 point. A total of 22 stocks registered a fresh 52-week high in trade today, while 37 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading up 0.95% at 14628, whereas BSE Small-cap Index is trading up 0.87% at 15053.
Some buying activity is seen in Capital Goods, Pharma, Auto, while FMCG, IT and Metal are showing weakness on BSE.
M&M, Ultratech Cement, Power Grid, IOC, Lupin are among the gainers, whereas ONGC, Vedanta Limited, ITC, Bharti Infratel, Aurobindo Pharma are losing sheen on NSE in the first trading hour.
The INDIA VIX is up 3.7% at 12.2.
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