Markets at Noon: Nifty and Sensex Climb 0.5% as Cables Sector Surges
By ScanX News Team
Indian stock markets show positive momentum at midday, with Nifty 50 at 24,742.55 (+0.50%) and BSE Sensex at 81,396.88 (+0.49%). Cables sector leads with 3.40% gain, followed by trading (+2.27%) and aviation (+2.04%). Printing & stationery sector underperforms (-1.08%). Overall market breadth suggests a positive bias, with more sectors gaining than losing.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday, with both benchmark indices registering gains of around half a percent. The Nifty 50 is currently trading at 24,742.55, up 122.35 points or 0.50% from its previous close. Similarly, the BSE Sensex has climbed to 81,396.88, marking an increase of 398.63 points or 0.49%.
Sectoral Performance
The cables sector is leading the charge today, showing an impressive average percentage change of 3.40%. Following closely behind is the trading sector with a 2.27% gain, while aviation stocks are also performing well with a 2.04% increase.
On the flip side, the printing and stationery sector is facing headwinds, registering an average decline of 1.08%.
Top Performing Sectors
| Sector | Change (%) |
|---|---|
| Cables | 3.40 |
| Trading | 2.27 |
| Aviation | 2.04 |
Underperforming Sector
| Sector | Change (%) |
|---|---|
| Printing & Stationery | -1.08 |
Market Breadth
While specific market breadth data is not available, the overall trend suggests a positive bias in today's trading session, with more sectors showing gains than losses.
Conclusion
As we reach the midpoint of today's trading session, the Indian markets are displaying resilience with both the Nifty and Sensex comfortably in the green. The cables sector is the standout performer, while most other sectors are also contributing to the upward momentum. However, investors should remain vigilant as the printing and stationery sector faces some pressure.
