The BSE midcap and smallcap shares were trading with gains of 0.1 percent and 0.6 per cent respectivelyThe criteria indices are trading near the highs of the day, up more than half a percent, on the back of buying interest in select monetary and information technology stocks.
At 12:45 pm, the Sensex was trading at 50,973.53, higher by 332.12 points or 0.65 per cent and the Nifty was at 15,290.55, up 82.85 pointsb or 0.54 per cent.
The BSE midcap and smallcap shares were trading with gains of 0.1 per cent and 0.6 percent respectively.Financial stocks were in the spotlight, with the Bajaj twins, Bajaj Finserv and Bajaj Finance rallying 2.7 per cent and 2.1 per cent respectively.
Infotech stocks were also experiencing purchasing, with Wipro, Infosys and Tech Mahindra gaining 1-2 percent each on the BSE.And Grasim Industries jumped 4 percent after the Aditya Birla Group business reported a 13.3 per cent rise in combined net earnings to Rs 2,616.64 crore for the 4th quarter ended March 31.
On the flip side, metal stocks are seeing selling pressure, with JSW Steel, Tata Steel and Hindalco signing up losses of 1 per cent to 3 percent each on the BSE.The general market breadth was positive as 1,954 shares were advancing and 1017 were declining on the BSE.