Sensex, Nifty rangebound but Midcap at day’s high; Europe up

Epic Update NTPC
Equity benchmarks remained volatile with the Nifty hovering in range around 7550 level. Banks, infra and pharma stocks supported the market while technology and select auto stocks remained under pressure.

The 30-share BSE Sensex gained 28.88 points at 24714.30 and the 50-share NSE Nifty rose 17.55 points to 7564. The BSE Midcap and Smallcap indices were at day’s high, rising 0.6 percent each.

About 1401 shares advanced against 895 declining shares on Bombay Stock Exchange.

NTPC and Lupin topped buying list on Sensex, up more than 2.5 percent while Hero Motocorp slipped 2 percent.

European markets traded higher amid a rally in the US dollar after hitting a 17-month low against the yen, helped by soothing words from policymakers in Japan and America. France’s CAC, Germany’s DAX and Britain’s FTSE gained 0.7 percent each.
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