Indian Markets Wednesday Wrap-Up: The Money Appears to Be in Midcaps

By Equitymaster: In what can be considered a mirror image of yesterday's trading, indices in the Indian stock market came off the day's lows during the closing stages and did manage to end past the breakeven line, albeit to a very small extent.

By Equitymaster: Indian stock markets continued with their downward trend during the closing stages of the day and as a consequence, gave up almost all their gains and closed the day nearly flat. Thus, while BSE-Sensex edged lower by around 15 points, NSE-Nifty closed at virtually the same levels as yesterday. Similar trend was witnessed across BSE Mid Cap and BSE Small Cap indices as even they closed the day on a flat note.

Equitymaster submits: While the indices came off the day's highs, it did manage to close marginally in the positive in what could be considered as a rather volatile session. The BSE Sensex closed higher by around 20 points today (up 0.1%), NSE Nifty could eke out gains in the region of 15 points (up 0.3%). Mixed trend was observed amongst BSE Midcap and Small cap indices whereby the former ended 0.2% higher while the latter witnessed a decline of 0.2%.

Equitymaster submits: Indices for the Indian stock market held on to their gains during the closing stages of the day and managed to end their sessions marginally in the positive. BSE-Sensex edged higher by around 76 points while the NSE-Nifty logged in gains of around 24 points.

Equitymaster submits: The Indian stock market gained further ground during the closing stages and as a consequence ended the day strongly in the positive. The BSE-Sensex edged higher by about 350 points whereas the NSE-Nifty logged in gains to the tune of 110 points (up 1.9%).

Equitymaster submits: The Indian stock market indices managed to come off the day's lows during the closing stages. However, a negative closing could not be avoided and the markets ended the day marginally in the red.

Equitymaster submits: Volatility continued to rule the roost during the closing stages as well, with indices going above and below breakeven for a brief period of time and finally ending the day marginally in the negative. Thus, the Sensex lost around 30 points today whereas Nifty showed a minor loss of around 20 points (down 0.3%). However, the BSE Midcap as well as the Small cap indices received the rough end of the stick today, with each down 2% and 3% respectively.

Equitymaster submits: Although off the day’s lows, the markets could muster only small gains during the closing hours of trade and thus end the day marginally in the green. While the Sensex edged higher by around 40 points (0.3%), NSE Nifty closed with small gains of around 10 points (up 0.3%). BSE Midcap and Small cap indices traded weak today and recorded marginal declines. On the Sensex, three stocks gained for every two that ended lower.