Markets@11: Indices gradually increasing; Mid-cap stocks declines

The market began trading with slight gains and later showed modest improvements, with the Nifty and Sensex both up by 0.20% after the first hour of trading.

Mid-cap and small-cap stocks, however, experienced declines, with both indices dropping more than 0.75% within the hour.

Bank Nifty is experiencing volatility today, while the IT sector has been on a positive trend since its launch.

Sectors such as consumer durables, oil and gas, real estate, and metals are facing losses.

Trent Ltd shares rose by 4% after Citi issued a buy recommendation. Trent is part of the Tata Group and operates retail chains.

On the other hand, AKS Automotive shares fell by 5% after the promoter sold a 6% stake in the company.

Easy Trip, which dropped by 20% yesterday, gained 5% today following the promoter's share sale.

Private equity firms are starting to sell a 19% stake in Five Star Finance, but there hasn't been much movement in the market overall.

Crompton Ltd shares increased by nearly 5% after Nomura gave a buy recommendation.

PB Fintech, which is preparing to enter the healthcare sector, saw its shares drop by nearly 10% today, following a more than 6% decline yesterday. The stock is still up 140% in 2024.

Shares of Zaggle Prepaid, which plans to acquire Mobileware Technologies, rose by 7% and have increased by 105% this year.

Rupee's slight weakening

The rupee weakened this morning, with the dollar opening at ₹83.64, later rising to ₹83.69.

In global markets, gold is priced at $2,662 per ounce, while in Kerala, the price of jewellery gold remains unchanged at ₹56,540.

Crude oil prices are low, with Brent crude currently at $73.43.