Indian equities after a weak opening mirroring weak global cues staged recovery from the day’s low as gains in banking stocks offered support. At around 1:26 pm, the 30-share BSE Sensex was trading lower by 0.21 per cent or 156.82 at 72,929.12, while the Nifty50 benchmark was down 0.3 per cent or 66.2 points at 22,053.1.
Meanwhile, broader markets which started today’s trade with a sharp downside, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices declining over 1 per cent each, staged recovery too. At the time of writing this copy, broader markets staged a mixed performance, with smallcap stocks trading in the green, while midcap index pared most of its early losses.
Sectoral gauges
Of the 13 major sectoral gauges, banks, financial services, media, metal and oil & gas indices traded in the green, with the media and PSU banking stocks leading the gains.
Oil and gas index surged as crude oil prices declined to a 3-month low overnight as the OPEC + decided on increasing the long-stalled oil production.
