Sensex rangebound, Nifty Midcap outperforms; IT, banks stocks slip


Benchmark indices remained listless in noon ahead of IndusInd Bank and Yes Bank's March quarter earnings due later today.

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

The 30-share BSE Sensex was down 19.50 points at 29,299.60 and the 50-share NSE Nifty slipped 8.20 points to 9,096.95.

The market breadth turned positive as about 1359 shares advanced against 1158 declining shares on the BSE.

Technology, banks and FMCG stocks were under pressure while select infra and auto stocks gained.

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