Mid Day Bell: Markets Flat as Transport Services Soar and IT Slumps
By ScanX News Team
Indian markets show mixed performance at midday with a slight negative bias. Nifty 50 trades flat at 23,592.20, while Sensex dips 0.05% to 77,565.35. Transport Services leads sectoral gains at +2.03%, while IT lags at -0.34%. BSE Ltd emerges as the top performer, surging 15.51% following SEBI's F&O expiry proposal. Overall market sentiment remains cautious with clear sectoral divergence.
*this image is generated using AI for illustrative purposes only.
Market Overview
As the trading session reaches its midpoint on March 28, 2025, Indian markets are showing a mixed performance with a slight negative bias. The Nifty 50 is trading marginally higher, while the BSE Sensex has dipped into the red.
Benchmark Indices
The Nifty 50 is currently trading at 23,592.20, up by a mere 0.25 points or 0.00% from its previous close. On the other hand, the BSE Sensex is at 77,565.35, down by 41.08 points or 0.05% from its last closing price.
Sectoral Performance
Top Performing Sectors
| Sector | Change |
|---|---|
| Transport Services | +2.03% |
| Aviation | +1.78% |
| Aerospace & Defense | +1.45% |
| Engineering Services | +0.90% |
| Power | +0.83% |
Underperforming Sectors
| Sector | Change |
|---|---|
| Information Technology | -0.34% |
| Insurance | -0.30% |
| Transport | -0.26% |
| Retail | -0.23% |
| Banks | -0.16% |
Buzzing Stocks
BSE Ltd has emerged as a standout performer in today's session. The stock has surged by 15.51%, trading at ₹5,411. This significant uptick comes on the back of SEBI's proposal allowing exchanges to choose between Tuesday or Thursday for F&O expiry. Additionally, NSE has deferred its plans to change the expiry to Monday. Jefferies maintains a 'hold' rating on BSE Ltd with a target price of ₹5,250, citing reduced regulatory risks for the company.
Market Sentiment
The overall market sentiment appears cautious, with a clear divergence between sectors. While transport services, aviation, and aerospace & defense are showing strong gains, traditional heavyweight sectors like IT, insurance, and banks are facing selling pressure.
Conclusion
As we move into the second half of the trading day, investors will be closely watching if the Nifty can hold onto its marginal gains and whether the Sensex can recover from its slight dip. The contrasting performance across sectors suggests a selective approach by market participants, with a preference for specific themes over broad-based buying.
