Buzzing Stocks: Coforge, Persistent Systems, BPCL, Piramal Pharma, Waaree Energies among others are in the news on January 23

In the mid-market session, NIFTY50 and SENSEX held the morning gains. The NIFTY50 traded at 23,227, up 72 points, and the SENSEX traded at 76,607, up 202 points. The broader indices outperformed the benchmark indices as NIFTY midcap 100 and smallcap 100 traded 1.4% and 1.3% higher on the NSE at 12:20 pm. The gains in the markets were largely led by IT stocks as the NIFTY IT index traded over 2% higher, with massive gains in mid-size IT companies like Coforge, Persistent Systems and more.

Here are the top buzzing stocks

Oil sensitive stocks

Global crude oil prices continued to slide down for the sixth consecutive session on reports of oversupply in the markets and a boost in US crude oil inventories overnight. The Brent crude oil prices traded 0.32% lower at $77.8 per barrel; the prices have corrected nearly 5% from the top in pthe previous five trading sessions.

Following the sharp fall in the crude oil price, the oil sensitive stocks like BPCL, HPCL, Oil India, Asian Paints, JK Tyre, Ceat and more rallied on Thursday as crude oil forms as a major raw material component in their respective products.