Nifty, Midcap remain higher; ICICI Prudential lists at Rs 329

Equity benchmarks as well as broader markets remained higher on positive global cues and ahead of expiry of September futures & options contracts.

The 30-share BSE Sensex was up 121.69 points at 28414.50 and the 50-share NSE Nifty gained 37.15 points at 8782.30.

The market breadth remained strong as about 1369 shares advanced against 503 declining shares on the BSE.

Reliance Industries and ONGC remained strong, rising 1-2 percent whereas ICICI Bank fell nearly a percent after subdued listing of insurance subsidiary.

ITC, HUL, Axis Bank, Bharti Airtel, Wipro and Dr Reddy’s Labs were down 0.3-0.8 percent.

ICICI Prudential Life Insurance Company saw subdued listing today. The stock has opened at Rs 329 apiece, a 1.5 percent discount to issue price of Rs 334.

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