Markets

Midcap Index Sees Profit Booking Phase Mid-Market

Midcap index started well during the day but saw a profit booking phase mid-market. However, Nifty marginally underperformed Nifty Midcap. Most sectoral indices traded with a positive bias. Gainers among Midcap include stocks like IRB Infra, Triveni turbine, Chemplast Sanmar. However, stocks like MRPL, ITI, Orient Electric were losing during the day. Theme base sectors like Auto and Auto Ancillary were gaining today also NBFC were in focus over the gains in stocks like Spandana Sphoorthy, Credit Access Grameen and M&M Financial Services. News flows helped the following stocks rise in trade: -RateGain Travel was selected by Mexico’s leading chain to bolster recovery in latin america -Macrotech Developers Developers: Announced its entry into the Bengaluru housing market. The company plans to focus on capital light joint development model -Aurionpro Solutions: SC Soft, a subsidiary, signs multiple deals under California Integrated Travel Project

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