Mid-market update: NIFTY50 & SENSEX lose morning gains to trade flat; Reliance and Bharti Airtel among top index movers

Indian equity markets witnessed a sharp fall in the mid-market session, with both Sensex and Nifty trading near their neutral lines, amid mixed cues from other Asian markets, as caution prevailed ahead of RBI's bi-monthly monetary policy starting today.

The BSE Sensex is currently trading at 80919.99, up by 74.24 points or 0.09% after trading in a range of 80630.53 and 81245.39. The index had 12 advancing stocks and 18 declining stocks.

The broader indices were trading in green; the BSE Mid cap index surged by 0.55%, while the Small cap index was up by 0.41%.

The top gaining sectoral indices on the BSE were Realty, up by 0.92%, and Capital Goods, up by 0.60%. Consumer Durables, up by 0.58%. Bankex, up by 0.54%, and IT, while Telecom, down by 0.92%, Auto, down by 0.66%, Utilities, down by 0.58%, Metal, down by 0.51%, and Energy, down by 0.26%, were the top losing indices on the BSE.

The NIFTY50 is traded 24448.90, down by 8.25 points or 0.03% after trading in a range of 24366.30 and 24573.20. There were 20 stocks advancing against 30 stocks declining on the index.

Asian markets were trading mixed; Jakarta Composite gained 107.5 points or 1.47% to 7,303.52, Straits Times rose 21.59 points or 0.57% to 3,807.72, Nikkei 225 surged 27.53 points or 0.07% to 39,276.39, and Taiwan Weighted added 227.87 points or 0.98% to 23,255.33. Shanghai Composite weakened 23.76 points or 0.7% to 3,355.05, KOSPI dropped 36.10 points or 1.47% to 2,464.00, and Hang Seng declined 39.22 points or 0.2% to 19,707.10.