Sensex, Nifty consolidate; Reliance, ICICI Bank, Lupin gain

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Equity benchmarks continued to consolidate. The Sensex rose 40.75 points to 24726.17 and the Nifty added 20.70 points to 7567.15.

The broader markets extended gains a bit with BSE Midcap and Smallcap indices rising 0.5 percent each. The market breadth remained positive as about 1225 shares advanced against 704 declining shares on BSE.

Reliance Industries, ICICI Bank, Lupin, NTPC, Dr Reddy’s Labs, Hindalco, GAIL and BHEL were leading gainers on Sensex, up 1-3 percent while Infosys, TCS, HUL, Hero Motocorp, Axis Bank and Bharti Airtel declined.

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