Sensex Live Updates: Sensex Flat, Nifty Below 15,000

Sensex Live Updates: Indian indices pares gains to turn flat mainly dragged by metal stocks. Globally, Asian stock markets struggled for traction after a jittery session on Wall as a hint of tapering talk from the US Fed drove selling in the bond market and lifted the safe-haven dollar.

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The midcap mutual fund category has offered an average return of 70 percent over one year. Similarly, the NIFTY smallcap 100, which is the benchmark for smallcap funds, has delivered 114 percent return over one year, according to Archit Gupta, founder, and CEO of ClearTax.

It’s important to note here that midcap and smallcap space usually have short boom and bust cycles. It helps investors, as Gupta said if they time the market cycle correctly to maximize returns from these funds.

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Indian indices opened higher on Thursday led by gains in energy, auto and IT stocks. However, losses in the metal space capped some gains. Meanwhile, Asian stock markets struggled for traction after a jittery session on Wall as a hint of tapering talk from the US Fed drove selling in the bond market and lifted the safe-haven dollar.

At 9:18 am, the Sensex was up 128 points at 50,030 while the Nifty rose 23 points to 15,053. The broader markets were also higher with the midcap and smallcap indices up aound half a percent each. On the Nifty50 index, UPL, Titan, L&T, ICICI Bank and Infosys were teh top gainers while Hindalco, Tata Steel, JSW Steel, Coal India and ONGC led the losses.

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