Midday Market Update: Sensex, Nifty crack 1% amid FII selling; mid, small-caps defy gravity as retail money flows in

Midday Market Update: Sensex, Nifty crack 1% amid FII selling; mid, small-caps defy gravity as retail money flows in

The BSE Sensex nosedived over 1,000 points intraday to hit 81,336, while the Nifty 50 sank below the 24,650 mark, down more than 1 per cent. The fall comes a day after indices posted their best one-day gains in months, which experts attributed largely to short-covering and news-based momentum. Profit booking in large-cap stocks dragged…

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Pre-Market Setup (May 12): GIFT Nifty jumps 460 pts as ceasefire, global cues lift sentiment; markets likely to open in green

Pre-Market Setup (May 12): GIFT Nifty jumps 460 pts as ceasefire, global cues lift sentiment; markets likely to open in green

Indian equities are poised for a strong rebound on Monday, May 12, after a tense week marked by geopolitical jitters. A decisive ceasefire between India and Pakistan over the weekend has calmed investor nerves, while global cues remain supportive. The GIFT Nifty is up over 460 points, indicating a gap-up start for the Nifty 50….

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