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Mid-day Mood | Sensex, Nifty recover after subdued start, banking stocks gain
The 30-pack Sensex and the 50-stock Nifty reversed the morning losses to trade higher at noon on March 18 following a recovery in the banking stocks. Investors are now awaiting the US Federal Reserve's policy decision due on March 20, which will have a bearing in the Indian market as well. Around noon, the Sensex was up 198.32 points, or 0.3 percent, at 72,841.75, and the Nifty was up 49.70 points, or 0.2 percent, at 22,073.00. About 1,770 shares advanced, 1,594 shares declined, and 103 shares remained unchanged. Adani group companies were in focus as all 10 stocks declined after Bloomberg said that US prosecutors had widened probe to focus on whether any of the firm engaged in bribery. BSE Midcap and smallcap, which were underperforming the benchmarks since open, came off the lows and were flat at 12.31 pm. Source - Money Control
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