Mid-market update: NIFTY50 and SENSEX trade in green; Midcap and small-cap indices bleed

Domestic equity indices remained in green in the mid-market session due to buying by funds and retail investors. Buying TCS, Tech Mahindra, Infosys, Sun Pharma, and Ultratech Cement companies’ stocks helped the markets trade higher. Positive cues from the global markets supported domestic sentiments. Following U.S. Treasury yields and crude oil prices also supported domestic sentiments.

However, broader indices underperformed their large peers, with the BSE Midcap and Small-cap indices falling between 1.60% and 1.85%. Traders were cautious as foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) net sold stocks worth₹ Rs 5,920.28 crore in the secondary markets on January 21.

The SENSEX traded at 76066.30, up by 227.94 points or 0.30% after trading in a range of 76001.95 and 76280.85. The index had 19 stocks advancing and 11 stocks declining.

The broader indices were trading in red; the BSE Mid cap index was down by 1.62%, while the Small cap index was down by 1.81%.

The NIFTY50 traded at 23064.95, up by 40.30 points or 0.18% after trading in a range of 23050.55 and 23144.25. The index had 25 stocks advancing and 25 stocks declining.

Asian markets were trading mostly in green; KOSPI increased 33.75 points or 1.34% to 2,551.78, Nikkei 225 surged 624.01 points or 1.6% to 39,651.99, Taiwan Weighted added 263.59 points or 1.13% to 23,563.60 and Jakarta Composite gained 68.24 points or 0.94% to 7,250.06. However, Hang Seng declined 316.76 points or 1.58% to 19,789.79, Shanghai Composite weakened 32.46 points or 1% to 3,210.16 and Straits Times fell 1.53 points or 0.04% to 3,793.84.