BSE Mid-Cap and Small-Cap Lead The Rally

The benchmark indices Nifty and Sensex opened on a weak note in the morning session. The BSE Sensex dipped by 0.25%, while Nifty was down by 0.23%. There was some amount of profit-booking seen, but that is healthy as the markets are trading all time high. Meanwhile BSE mid-cap and small-cap outperformed their counter parts. The mid-cap and small-cap were trading in green and were up by 0.07% and 0.76% respectively. 

Tracking the momentum of the shares, the health-care index is the top gainer, while the other indices were trading in negative. Dr. Reddy’s lab and HDFC Bank were the top gainers in the rally after HDFC reported that Foreign Investor Promotion Board (FIPB) may consider increasing foreign holding. Dena Bank and Oriental Bank of Commerce were major losers after media reports of misappropriation of funds by the bank.

Further a mixed trend was seen in the Asian Markets. Japan's Nikkei was trading up by 0.03%, Honk Kong's Hang Seng was seen trading up by 0.05% while China's Shanghai was seen trading in red and was down by 0.15%.