Nifty rangebound ahead of F&O expiry; Midcap outperforms again

Equity benchmarks remained rangebound with the Nifty holding 8700 level ahead of expiry of September futures & options contracts due on Thursday. The market shrugged off weak Asian cues.

The 30-share BSE Sensex was up 54.32 points at 28278.02 and the 50-share NSE Nifty up 20.40 points at 8726.80 while the broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.7 percent each on strong breadth.

More than two shares advanced for every share falling on the exchange.

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