Sensex consolidates, Midcap outperforms; Max India falls 5%

Max India Update by Epic Research
Max India Update by Epic Research
Equity benchmarks continued to consolidate for the second consecutive session today with the Nifty hovering around 8500 level while the broader markets outperformed. The BSE Midcap and Smallcap indices gained 0.2-0.5 percent.

The 30-share BSE Sensex was down 10.66 points at 27804.52 and the 50-share NSE Nifty fell 3.90 points to 8515.60. The market breadth was positive as about 1132 shares advanced against 684 declining shares on the Bombay Stock Exchange.

Max India lost 5 percent to Rs 171 after listing at Rs 180 on National Stock Exchange.
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