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Midday Trade: Sensex, Nifty flat as M&M, Apollo Hospitals rise; PSU Bank, Metal stocks under pressure

Published on 01/07/2025 12:34 PM

Indian stock market benchmarks, the BSE Sensex and NSE Nifty50, were trading with modest gains in midday trade on Monday as the Indian share market began the second half of calendar year 2025 on a steady note. At 12:22 PM, the Sensex was up 93.53 points at 83,699.99, while the Nifty50 rose 27.50 points to 25,544.55, buoyed by select heavyweight stocks even as sectoral indices and broader markets remained weak.

Indian equities held on to early gains as frontline indices showed resilience despite profit booking in mid- and small-cap segments. Among the top gainers on the Nifty50 were Apollo Hospitals, Asian Paints, Bharat Electronics, M&M, Reliance Industries, Jio Financial Services, Bharti Airtel, Tata Motors, SBI Life, and IndusInd Bank, which gained up to 4 per cent.

In contrast, the broader markets were under pressure. The Nifty MidCap 100 fell 0.16 per cent, while the Nifty SmallCap 100 was down 0.11 per cent, reflecting a narrower rally.

Sectorally, most indices traded in the red. The Nifty PSU Bank index was the biggest laggard, down 0.74 per cent, followed by the Media index, down 0.96 per cent, and the Metal index, down 0.5 per cent. The Nifty Oil & Gas index also remained in negative territory.

Market experts say the strength in benchmark indices signals cautious optimism as traders brace for the upcoming Union Budget, while global cues and earnings outlook are expected to guide near-term direction.

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