Share market update: Midcaps outperform Sensex; GE T&D India, Canara Bank surge over 5%

NEW DELHI: Midcaps were outperforming benchmark Sensex in Thursday's trading session.

Around 11:10 am, the BSE Midcap index was 0.72 per cent up at 15,757, while the BSE Sensex was 0.43 per cent up at 37,016. The Nifty50 was 0.37 per cent up at 11,173.

GE T&D India (up 5.58 per cent), Canara Bank (up 5.35 per cent), Shriram Transport Finance Company (up 4.61 per cent), Indian Bank (up 4.21 per cent) and Petronet LNG (up 3.80 per cent) were among the top gainers in the midcap index.

However, Adani Power (down 5.65 per cent), Adani Enterprises (down 3.57 per cent), Mphasis (down 3.02 per cent), Torrent Power (down 2.90 per cent) and L&T Finance Holdings (down 1.71 per cent) were among the top losers in the index around that time.

Equity benchmarks Sensex and Nifty touched fresh record highs of 37,026 and 11,179.60, respectively, on buying in bank, financial, auto and teck stocks amid sustained capital inflow and positive global cues.

Short-covering of bets on the last session of the futures and options contracts of July series and strengthening rupee against the dollar, kept the overall market sentiment high.

In the Sensex index, 23 stocks were advancing, while 8 were declining.

State Bank of India, ICICI Bank and Tata Motors were leading among the Sensex gainers.