Market Live: Sensex cools off after touching record high, Nifty around 11,050; midcaps fall

After opening at a record high, the Sensex is currently off its opening levels, while the Nifty is hovering around 11,050-mark.

Selling in midcaps is likely to have dragged them from the high points; the Nifty midcap index is trading a quarter of a percent lower. Meanwhile, among sectoral indices, PSU banks and metals are seeing some weakness, while IT and energy sectors are trading in the green.

Share price of PNB, IOB, Andhra Bank, Corporation Bank and Allahabad Bank reacted positively on the government capital infusion plan.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-cools-off-after-touching-record-high-nifty-around-11050-midcaps-fall-2727371.html