Midcap outperforms Sensex, Nifty reclaims 9750; Dr Reddy’s up 4%

Equity benchmarks remained positive amid consolidation in late morning trade, with the Nifty reclaiming 9,750 ahead of expiry of September futures & options contracts.

The 30-share BSE Sensex was up 82.83 points at 31,242.64 and the 50-share NSE Nifty rose 11.60 points to 9,747.35.

After recovery in early trade, the broader markets strengthened further as the BSE Midcap index was up 0.85 percent and Smallcap gained 0.7 percent on strong breadth.

About two shares advanced for every share falling on the BSE.

Dr Reddy’s Labs today informed exchanges that it has received establishment inspection report from the US Food and Drug Administration for SriKakulam plant (SEZ) unit 1, Andhra Pradesh.

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Posted in: Indian Market Tips