Midcap, Smallcap outperform Sensex; ITC falls for 2nd day, banks gain

The broader markets continued to outperform benchmarks, with the BSE Midcap and Smallcap indices rising 0.6 percent and 0.9 percent, respectively.

The 30-share BSE Sensex was up 34.73 points at 31,244.52 and the 50-share NSE Nifty gained 17.45 points at 9,630.75.

About 1504 shares advanced against 788 declining shares on the BSE.

Reliance Industries, M&M, Asian Paints and Tata Motors continued to rally, up 1-2 percent. Banks stocks like Axis Bank, HDFC Bank, SBI, ICICI Bank were up 0.3-1 percent.

However, the correction in ITC, HDFC, Infosys, TCS, Wipro and Bharti Airtel capped gains.

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Posted in: Indian Market Tips