As funds and retail investors indulged in booking profits
at prevailing levels, Indian stock markets were lower in the midday session.
Traders were cautious ahead of the US fed’s minutes scheduled to be released later.
Meanwhile, volatility also remained high ahead of the F&O expiry.

Asian markets were trading mixed with Hang Seng increasing
57.94 points or 0.29% to 20,170.04, Shanghai Composite gaining 29.90 points or
0.97% to 3,100.83, Taiwan Weighted rising 140.40 points or 0.88% to 16,104.03
and KOSPI surging by 11.34 points or 0.44% to 2,617.21.

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On the other hand, Straits Times trembled 21.13 points or
0.66% to 3,173.91 Nikkei 225 slipped 70.34 points or 0.26% to 26,677.80 and
Jakarta Composite was down by 30.72 points or 0.44% to 6,883.42.

The BSE Sensex is presently trading at 53913.36, down by
139.25 points or 0.26% after moving in a range of 53835.01 and 54379.59. On the
index, 12 stocks advanced, 17 stocks declined while 1 stock remain unchanged.

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The broader indices were trading in red with the BSE Midcap index lost 1.21%, while the Small cap index was down by 1.99%. The only gaining
sectoral indices on the BSE was Bankex was up by 0.76%, while IT was down by 2.67%,
TECK was down by 1.98%, Realty down by 1.88%, Consumer Discretionary down by 1.77%
and Basic Materials was down by 1.55% were the top losing indices on BSE.

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The top gainers on the Sensex were Kotak Mahindra Bank up
by 2.10%, Nestle up by 1.53%, NTPC up by 1.50%, ICICI Bank up by 1.28% and HDFC
was up by 1.04%. On the flip side, Asian Paints down by 5.82%, Tech Mahindra
down by 4.19%, Wipro down by 3.16%, TCS down by 2.71% and HCL Tech was down by
1.98% were the top losers.

The Nifty is presently trading at 16,098.55, down by 26.60
points or 0.16% after moving in a range of 16,052.60 and 16,223.35. On the index,
22 stocks advanced and 28 stocks declined.

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The top gainers on Nifty were SBI Life Insurance up by
3.74%, HDFC Life Insurance up by 3.25%, Kotak Mahindra Bank up by 2.25%, NTPC
up by 1.77% and Nestle was up by 1.58%. On the flip side, Asian Paints down by
5.66%, Adani Ports down by 4.43%, Tech Mahindra down by 4.18%, Wipro down by
2.99% and TCS was down by 2.74% were the top losers.