Mid-market session: NIFTY50 and SENSEX rise 0.5% higher; HDFC Bank, ICICI Bank and Reliance among top index movers

Indian equity markets added more gains in the mid-market session on account of buying in Mahindra & Mahindra, Larsen & Toubro, Asian Paints, Bajaj Finance and IndusInd Bank. Meanwhile, broader indices were also trading in green with the BSE Midcap index and the Small-cap index gaining in the range of 0.10-0.75%.

The SENSEX traded at 78469.29, up by 330.28 points or 0.42% after trading in a range of 77898.30 and 78637.71. The index had 25 stocks advancing and five stocks declining.

The broader indices were trading in green; the BSE Mid cap index was up by 0.11%, while the Small cap index was up by 0.73%.

Meanwhile, the Ministry of Commerce & Industry in its latest data, has shown that the output of eight core industries rose 4.3% year-on-year in November 2024 , primarily due to an uptick in the production of coal, cement and steel. In November 2023, the core sector had grown by 7.9 % on year, and in October by 3.7%. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity - comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

The NIFTY traded at 23742.90, up by 98.10 points or 0.41% after trading in a range of 23562.80 and 23778.85. The index had 36 advancing stocks and 14 declining stocks.