Mid-market update: NIFTY50 and SENSEX trade in range; Adani Ports, Maruti and M&M among top gainers

Domestic equity indices traded marginally higher in the mid-market session on account of buying in Maruti Suzuki, Adani Ports, Mahindra & Mahindra, Tata Motors, and Bajaj Finance. There was some encouragement in markets on reports that the finance ministry said the government will continue its focus on improving quality spending, strengthening the social security net, and bringing down the fiscal deficit to 4.5% of the GDP in FY26.

However, broader indices were trading in red, with the BSE mid-cap index and small-cap index falling between 0.40 and 0.55%. On the BSE sectoral front, traders were seen piling up positions in Auto, PSU, Power, Utilities, and Energy, while selling was witnessed in Real Estate, Basic Materials, Industrials, FMCG, and Capital Goods.

On the global front, Asian markets were trading mostly in green as traders reacted to China's central bank holding the interest rate on the one-year medium-term lending facility at 2%. Back home, in a stock-specific development, Ceigall India surged after the company’s subsidiary Ceigall Ludhiana Bathinda Greenfield Highway signed a concession agreement with NHAI for a ₹ 981 crore six-lane highway project.

The SENSEX traded at 78518.43, up by 45.56 points or 0.06% after trading in a range of 78325.37 and 78898.37. The index had 15 stocks advancing and 15 stocks declining.

The broader indices were trading in red; the BSE mid-cap index was down by 0.53%, while the small-cap index was down by 0.40%.

The NIFTY50 traded at 23758.70, up by 31.05 points or 0.13% after trading in a range of 23701.05 and 23854.50. The index had 33 stocks advancing and 17 stocks declining.

Asian markets were trading mostly in green; the Shanghai Composite strengthened 2.38 points or 0.07% to 3,395.73, Nikkei 225 surged 429.87 points or 1.1% to 39,560.30 and Taiwan Weighted added 26.81 points or 0.12% to 23,246.94. However, Straits Times fell 4.85 points or 0.13% to 3,764.70 and KOSPI dropped 7.39 points or 0.3% to 2,433.13.