As of 9:35 AM, the Midcap Nifty turned positive, rising by 0.18% to 11,290.40, showing signs of recovery after a weak opening. This gain comes after the index had earlier dipped to 11,235.05 (-0.31%), reflecting cautious investor sentiment in the initial trading session.
In contrast, the Sensex and Nifty continued to trade in the red. The Sensex declined by 0.34% to 75,683.37, while the Nifty dropped by 0.24% to 22,878.45. Additionally, the Bank Nifty showed weakness, falling by 0.50% to 49,324.65.
The positive momentum in Midcap Nifty was driven by selective buying in midcap stocks, which helped offset the broader market’s weakness. This recovery suggests investor interest in midcap companies despite global uncertainties.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors are advised to do their own research or consult with a financial advisor before making any investment decisions.
