Stock market update: Midcap index rises over 1%, outperforms Sensex

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Midcaps were outperforming equity benchmark Sensex in Friday's trading session. Around 10:40 am, the BSE Midcap index was 1.15
per cent up at 16242, while the BSE Sensex was 0.79 per cent up at 37,458
The NSE Nifty50 was 0.80 per cent up at 11,335 around that time. Torrent Pharmaceuticals (up 6.87 per cent), Adani Power (up 5.18 per cent),
Vakrangee (up 4.93 per cent), Endurance Technologies (up 4.82 per cent) and Shriram Transport Finance Company (up 4.64 per cent) were among
the top gainers in the midcap index. On the other hand, Larsen Toubro Infotech (down 1.78 per cent), The Ramco Cements (down 1.01 per
cent), Aditya Birla Fashion and Retail (down 0.92 per cent), Petronet LNG (down 0.81 per cent) and Shriram City Union Finance (down 0.26 per
cent) were among the top losers in the index around the same time
Equity market was up on buying in all sectors, led by bank, financial, pharma and metal stocks. In the Sensex index, 28 stocks were
advancing and only three- Wipro, HDFC Bank and Asian Paints were trading with minor losses. Vedanta, with a gain of nearly 4 per cent, was
leading among Sensex scrips. YES Bank, ICICI Bank, Axis Bank and Coal India climbed up to 2 per cent in the Sensex index.