Nifty hovers around 7550; Midcap, Smallcap outperform

Nifty_up
The market continued to consolidate with the Nifty hovering around 7550 level amid lack of volumes. Technology stocks continued to see selling pressure while banking & financials, infra and healthcare stocks gained.

The Sensex declined 0.41 points to 24685.01 and the Nifty rose 7.20 points to 7553.65 while the BSE Midcap and Smallcap outperformed, rising 0.4 percent each.

The market breadth also turned positive as about 1034 shares advanced against 654 declining shares on Bombay Stock Exchange.

The currency markets and banks are shut today for Gudi Padawa Holiday.

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