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Markets tepid. Midcaps hold on.

Markets are witnessing a tepid trade, with the Nifty seeing moderate cuts. IT stocks have witnessed losses, while selected stocks from the financial space, have been trading in the greeen.

At 9:58 AM, the Nifty is at 5024, down by 26 pts or -0.51%.

Wipro has seen a decline of 1.2%. TCS is also down by over 1%.

ICICI Bank is down by 1.3%. HDFC Bank is also down by 1%. PSU Banking majors are however trading in the green with moderate gains. Reliance capital has gained 1.75%.

RCOM, from the telecom sector, has marched ahead with 3.1% gains.
Bharti has also moved up by 1.2%.

Educomp solutions is up by 1.4%. Crompton Greaves (CROMPGREAV) is also up by 1.2%. Petronet is up by 1.2%. Cairn India is also up by 1.3%.
Sugar stocks have declined further. Renuka sugars is down by 2.4%. Bajaj Hindustan is dwon by 2%.



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