As of 1:15 PM today, the Indian stock market is witnessing a mixed trend, with several indices moving upwards while others remain in the red:
- MIDCPNIFTY is leading with a gain of 75.20 points (+0.57%), trading at 13,298.55. The index has shown consistent growth throughout the session, reflecting strong performance in mid-cap stocks.
- BANKEX is up 123.30 points (+0.21%) at 60,161.39, buoyed by positive movement in banking stocks.
- NIFTYNXT50 is trading at 77,241.15, up by 146 points (+0.19%). This steady rise indicates optimism in the next 50 NIFTY stocks.
- FINNIFTY, representing the financial services sector, has made a slight upward move, trading at 24,485.10, a rise of 4.80 points (+0.02%).
- BANKNIFTY, often seen as a barometer for banking sector performance, remains almost flat at 52,980.60, with a marginal gain of 2.50 points (0.00%).
- On the other hand, SENSEX, one of the major benchmarks, is in the red, down by 24.16 points (-0.03%) to 84,275.62.
- NIFTY is also facing downward pressure, trading at 25,792.75, with a loss of 18.10 points (-0.07%).
- Meanwhile, India VIX, the volatility index, has dropped significantly by 0.61 points (-4.77%) to 12.18, indicating a decrease in market volatility.
While mid-cap and banking indices are showing positive momentum, major indices like SENSEX and NIFTY remain under slight selling pressure. The reduced volatility as indicated by the India VIX could be signaling a less turbulent session ahead, but the market remains divided as investors weigh various global and domestic factors.
