Volatility a constant in the market today as investors eye GDP data; Midcap, small caps outperform

At 12.42pm, all the sectoral indices on the NSE were trading in the green, further emphasizing the positive trend that the stock market has followed this whole week

Nov 27, 2020 12:11 IST India Infoline News Service

After hitting the record highs this week on Tuesday, the stock market continued to be volatile on Friday. The muted trends in Asian markets, anticipation of a coronavirus vaccine, the US Presidential election result, all have turned the Indian markets volatile. Added to the global cues are investor concerns over the Q2 GDP Data due to be out today.

Nifty 50 gained marginally and was trading higher by 0.2% or 25.35 points at 13,012 hovering near its all time high, at around 12.39pm. BSE Sensex was doing fairly better, higher by 0.15% or 65.77 points at 44,325.51.

Midcap stocks were in the fast lane. Nifty Midcap 50 index outperformed by gaining 2.5%, while Midcap 100 rose by 2.12%. The Nifty Smallcap 50 index also showed an improvement of 2.35%.

At 12.42pm, all the sectoral indices on the NSE were trading in the green, further emphasizing the positive trend that the stock market has followed this whole week.

Auto stocks saw huge rally, followed by realty stocks and media stocks. Nifty Auto surges over 2%, while Nifty Media and Nifty Realty has added nearly 3% upside. 

On Nifty Auto index, Ashok Leyland was one of the top gainers on the sectoral index, following the news of a tie up between the company and Hitachi ABB Power Grids, spurting 4%. TVS Motor, however, took the lead gaining by a whopping ~6%.

On NSE, Tata Motors climbed 5.24%, Bajaj Auto surges 3.44%, while Hero MotoCorp and Eicher Motors gain 2% each - earning them a spot on the top gainers list. While slipping by over 1% each, Power Grid, HDFC Life, HCL Tech and TCS were laggards of the day. 

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