In the midday session, Indian stock markets continued to trade in positive territory, with the Sensex and Nifty trading over 54,500 and 16,250, respectively. 

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Asian markets were trading mostly higher with Hang Seng increasing 407.44 points or 2.03% to 20,523.64, Taiwan Weighted strengthened 297.39 points or 1.86% to 16,266.22, KOSPI rose 25.60 points or 0.98% to 2,638.05, Straits Times advanced 11.19 points or 0.35% to 3,220.37, Nikkei 225 surged 176.84 points or 0.66% to 26,781.68 and Jakarta Composite was up by 112.60 points or 1.64% to 6,996.10. On the other side, Shanghai Composite was down by 3.84 points or 0.12% to 3,119.27.

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The Sensex is presently trading at 54,545.99, up 293.46 points or 0.54% from a low of 54,449.34 and a high of 54,791.78. On the index, there were 19 equities that advanced and 11 stocks that declined.

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The broader indices were trading in green with the BSE Midcap index rising 0.95%, while the Small cap index was up by 0.79%. The top gaining sectoral indices on the BSE were IT up by 1.46%, TECK up by 1.09%, Bankex up by 0.99%, Industrials up by 0.74% and Capital Goods was up by 0.66%, while Oil & Gas down by 1.67%, Energy down by 1.37%, Metal down by 1.04%, PSU down by 0.86%, Consumer Durables down by 0.27% were the losing indices on BSE.

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The top gainers on the Sensex were Tech Mahindra up by 3.32%, Bajaj Finance up by 2.92%, Indusind Bank up by 2.44%, Bajaj Finserv up by 2.35% and Kotak Mahindra Bank was up by 1.75%. On the flip side, Tata Steel was down by 1.49%, Asian Paints down by 1.41%, NTPC down by 1.39%, Reliance Industries down by 1.14% and Power Grid was down by 0.90% were the top losers.

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The Nifty is presently trading at 16,267.00, up 96.85 points or 0.60% after moving in a range of 16,221.95 and 16,329.35. The index showed 35 equities gaining and 15 stocks dropping.

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The top gainers on Nifty were Tech Mahindra up by 3.63%, HDFC Life Insurance up by 3.34%, Apollo Hospital up by 3.13%, Bajaj Finance up by 2.99% and Indusind Bank was up by 2.55%. On the flip side, ONGC down by 6.71%, JSW Steel down by 1.58%, Tata Steel down by 1.25%, Asian Paints down by 1.16% and BPCL down by 1.11% were the top losers.