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Mid-day Trade: Sensex, Nifty edge higher on tariff relief hopes

Published 1 day ago1 minute read

Indian equities traded firm in Friday’s mid-session, lifted by optimism around a potential relaxation or extension of the US tariff deadline, which supported broader market sentiment.

At 1 PM, the BSE Sensex advanced 236 points or 0.28 per cent to 83,991.92, while the NSE Nifty50 was up 80.35 points or 0.31 per cent at 25,629.35.

Adani Ports, Power Grid, SBI, BEL, and Asian Paints were among the top gainers on the Nifty, signaling strength in ports, energy, and defensives. Meanwhile, HDFC Bank, Bajaj Finserv, Bajaj Finance, Kotak Mahindra Bank, Titan, and Eternal lagged behind, weighing on the indices.

In the broader markets, the Nifty MidCap and Nifty SmallCap indices rose 0.68 per cent and 0.75 per cent, respectively, reflecting strong mid-session buying interest beyond frontline stocks.

On the sectoral front, Nifty PSU Bank and Media led gains with a 1 per cent rise each. Nifty Metal also moved up 0.7 per cent, buoyed by stable global commodity cues.

Conversely, Nifty Private Bank and Realty indices slipped 0.16 per cent and 0.55 per cent, respectively, amid profit-booking in financials and selective real estate counters.

With global tariff developments and domestic macro cues on investors' radar, markets remained cautiously optimistic going into the weekend.

Origin:
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Zee Business
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