Nifty choppy; KEC Intl, Century Tex, Sobha midcap gainers

The market remained rangebound in afternoon trade, heading to snap the five-day winning streak on profit booking. The Sensex dropped 46.39 points to 28838.82 and the Nifty shed 17.30 points to 8761.



The broader markets continued to outperform with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.9 percent, respectively. About 1581 shares have advanced, 1108 shares declined, and 175 shares are unchanged on the BSE.



In the midcap space, KEC International, Century Textiles, V-Guard Industries and Sobha gained 8-15 percent while smallcap stocks like Indian Metals, Century Enka, Claris Life, Sagar Cement and Pricol jumped 13-20 percent.



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Posted in: Indian Market Tips