Midcap outperforms Sensex; Nifty holds 9,900; Infosys, L&T support

Equity benchmarks remained positive in afternoon trade, with the Sensex rising 159.67 points to 31,755.73 and the Nifty up 49.50 points at 9,906.55.

The rally was backed by Infosys (up 3.78 percent), L&T (1.38 percent) and HDFC (0.7 percent), which were leading contributors. However, Tata Motors, TCS, SBI, Dr Reddy’s Labs and Tata Steel were under pressure.

The broader markets continued to outperform benchmarks as the BSE Midcap and Smallcap indices gained 0.8-0.9 percent. About 1,517 shares advanced against 858 declining shares on the BSE.

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Posted in: Indian Market Tips