Nifty rangebound, Midcap outperforms; liquor, aviation stocks up

Epic Update : Bank of Baroda
Epic Update : Bank of Baroda

The Sensex was up 21.34 points at 26337.68 and the Nifty gained 6.80 points at 8121.10. About 1457 shares advanced against 652 declining shares on the BSE.

The BSE Midcap and Smallcap indices gained half a percent each on positive breadth. About two shares advanced for every share declining on the BSE.

Liquor stocks like Globus Spirits, United Spirits, GM Breweries and Som Distilleries surged 3-14 percent while aviation stocks like InterGlobe Aviation, Jet Airways and SpiceJet gained 1-5 percent.

Banks are still under pressure, though these stocks recovered a bit from day’s lows. ICICI Bank, Bank of Baroda, SBI, PNB, Kotak Mahindra Bank, Bank of India and Axis Bank were down 1-3 percent.
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