Sensex continues to consolidate; Midcap off day’s high; HDFC drags

Equity benchmarks continued to consolidate in afternoon trade while the broader markets were off day’s high after a rally in previous session.

The 30-share BSE Sensex was down 14.68 points at 31,296.89 and the 50-share NSE Nifty fell 1.25 points to 9,656.30.

The market breadth was negative as about 1,446 shares declined against 1,119 advancing shares on the BSE.

HDFC, Axis Bank, Lupin and NTPC fell more than 1 percent whereas Tata Motors extended rally to 4 percent followed by Infosys, ONGC and Tata Motors DVR.

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Posted in: Indian Market Tips