Sensex trades higher, smallcap and midcap stocks under pressure

Updated: Aug 14th, 2024

Source: IANS

The Indian equity indices opened higher today as smallcap and midcap stocks saw some pressure in the morning trade. 

At 9.47 am, Sensex was up 154 points or 0.20% at 79,110 and Nifty was up 23 points or 0.10% at 24,162.

Selling was seen in the midcap and smallcap stocks. Nifty midcap 100 index is down 167 points or 0.29% at 56,714 and Nifty small 100 index is down 72 points or 0.40% at 18,131.

Among the sectoral indices, Auto, IT, PSU Bank, fin service and energy are major gainers. Pharma, FMCG and realty are major laggards.

In the Sensex pack, HCL Tech, Tech Mahindra, M&M, SBI, Infosys, Bharti Airtel, Tata Motors and TCS were the top gainers. UltraTech Cement, ICICI Bank, Axis Bank, Nestle India, HUL, Bajaj Finserv and Asian Paints were the top losers in the morning trade.

Meanwhile, mixed trading is taking place in the Asian market. There is a decline in Tokyo, Shanghai and Hong Kong. Bangkok, Seoul and Jakarta are trading in the green.

There was a decline in Producer Price Index (PPI) figures in the US which is a sign of decreasing inflation. Due to this the US stock market rose by 1% on Aug 13.

The foreign institutional investors (FIIs) extended their selling as they sold equities worth ₹2,107 crore on Aug 13, while domestic institutional investors bought equities worth ₹1,239 crore on the same day.

(This story was taken from a syndicated feed, and edited only for style by Gujarat Samachar Digital staff)

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