Nifty, Sensex rise; mid-caps regain footing [Reuters]
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Source: Reuters
Nifty, Sensex rise; mid-caps regain footing | Reuters 2 Min Read (Reuters) - Indian shares rose on Wednesday, with renewed interest in midcap stocks, as tensions with neighbouring Pakistan appeared to be easing further, boding well for the markets weeks ahead of parliament elections. Escalating tensions with nuclear-armed Pakistan took a toll on the markets last week, but the major indexes recouped losses and posted their biggest weekly gain in four. “Political uncertainty was the major theme why the market corrected. People feel that we will have a single party rule again, or a combination of people will return to power, giving confidence to the market,” said AK Prabhakar, head of research, IDBI Capital, adding that mid-caps had begun to perform well again. “(From the latest developments), the market has sensed the current government will come for a second term.” The broader NSE Nifty was up 0.42 percent at 11,033.95 as of 0537 GMT, boosted by market heavyweights like Reliance Indust
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