Midday Trade Update: Nifty 50 Gains 95 Points, Sensex Rises 354 Points as IT and Banking Stocks Lead Market Rally

Indian benchmark indices traded higher on Tuesday, supported by gains in IT, Banking, and financial stocks amid mixed global market cues. The Nifty 50 and Sensex witnessed buying interest as key sectoral indices contributed to the market recovery.

As of 12:00 PM, the Nifty 50 was trading 94.95 points or 0.39 per cent higher at 24,525.30, while the Sensex gained 354.26 points or 0.45 per cent to trade at 78,639.33.

In the broader market, Mid-Cap and Small-Cap stocks witnessed some pressure. The Nifty MidCap index declined 0.44 per cent, while the Nifty SmallCap index fell 0.56 per cent during the session.

Among sectoral indices, the Nifty IT index emerged as the top performer, gaining over 3 per cent, driven by strong buying interest in technology stocks. The Nifty Consumer Durables and Nifty Bank indices also outperformed the broader market.

On the other hand, the Nifty Realty index was the biggest sectoral laggard, witnessing a sharp decline amid selling pressure.

Disclaimer: The article is for informational purposes only and not investment advice.