Sensex, Nifty consolidate; Midcap, Smallcap outperform; ITC up

Equity benchmarks continued to consolidate with a negative bias with the Sensex falling 7.17 points to 25334.69 and the Nifty declining 5.20 points to 7733.20.

However, the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices gained 0.5 percent and 0.9 percent, respectively on strong market breadth. More than two shares advanced for every share declining on BSE.

Reliance Industries, Bharti Airtel, Tata Motors, Lupin, M&M and Adani Ports were down 1-3 percent while ITC, L&T and Wipro gained over a percent.

BHEL topped buying list on Sensex, up over 6 percent.


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Posted in: Indian Market Tips