Nifty hovers around 8750, Midcap outperforms; MCX most active

The market continued to consolidate with a positive bias in noon trade ahead of Thursday’s expiry of September futures & options contracts.

The 30-share BSE Sensex was up 78.50 points at 28372.78 and the 50-share NSE Nifty gained 26.05 points at 8749.10.

The broader markets continued to outperform benchmarks with the BSE Midcap and Smallcap indices rising 0.5-0.8 percent on positive breadth. About 1413 shares advanced against 950 declining shares on the exchange.

MCX is the most active stock on exchanges, followed by Narayana Hrudayalaya, REC, Alphageo, HDFC Bank, Reliance Industries, Axis Bank, ICICI Bank and Yes Bank.

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