Sensex, Nifty rebound; Midcap, Smallcap outperform

Equity benchmarks rebounded in morning trade with the Sensex rising 45.46 points to 26077.84 and the Nifty climbing 25.45 points to 7906.15.

The market breadth also improved, resulting further upside in broader markets. About 1233 shares have advanced against 732 shares declined on the Bombay Stock Exchange.

The BSE Midcap index rose 0.7 percent and Smallcap gained 1 percent.

Lupin extended gains to 3 percent on getting approval from US Food and Drug Administration for anti-inflammatory drug Diclofenac Sodium. Reliance Industries, TCS, ONGC, Wipro, NTPC and Bajaj Auto rose 1-2 percent.

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Posted in: Indian Market Tips