Sensex, Nifty remain under pressure amid consolidation; Midcap outperforms

Equity benchmarks continued to consolidate with a negative bias in afternoon trade Wednesday due to lack of global and domestic cues.

The 30-share BSE Sensex was down 53.49 points at 31,244.04 and the 50-share NSE Nifty declined 30.10 points to 9,623.40 but the broader markets outperformed despite balanced breadth.

The BSE Midcap index gained 0.2 percent and Smallcap was up 0.4 percent. About 1,190 shares advanced against 1,174 declining shares on the exchange.

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Posted in: Indian Market Tips