Sensex, Nifty sluggish; Power Grid, BHEL, NTPC top gainers

Broader markets outperformed, with the Nifty Midcap and Smallcap indices rising half a percent each.

Benchmark indices continued to be directionless in afternoon trade as investors digested IT companies earnings and awaited banks earnings due later today.

The 30-share BSE Sensex was down 31.94 points at 29,287.16 and the 50-share NSE Nifty fell 13.35 points to 9,091.80 while the broader markets gained 0.3 percent on positive breadth.

NTPC, BHEL, Adani Ports, Coal India, GAIL, Power Grid, Bharti Infratel and Tata Power were top gainers in the afternoon while TCS, Infosys, Bharti Airtel, Bajaj Auto, Tata Steel, Aurobindo Pharma, Kotak Mahindra Bank and Tech Mahindra were losers.

Bharti Infratel added over 2 percent intraday on Wednesday as investors palced positive bets on two major investors buying stake in the firm.

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Posted in: Indian Market Tips