Nifty higher, Mid & Smallcap outperform; HDFC rebounds, RIL down

Epic Update HDFC Bank
Epic Update HDFC Bank

Equity benchmarks gained strength amid consolidation as investors awaited the outcome of two-day GST Council meet later today. The broader markets continued to outperform on strong breadth.

The 30-share BSE Sensex was up 70.33 points at 26713.57 and the 50-share NSE Nifty rose 23.15 points to 8215.40 while the BSE Midcap and Smallcap indices gained 0.6 percent each.

About three shares advanced for every share falling on the BSE.

HDFC rebounded after early losses, up 0.5 percent on short covering. Tata Motors extended gains, up more than 2 percent followed by ONGC, L&T, Infosys, Sun Pharma and ICICI Bank.

Reliance Industries erased early gains to trade 1 percent lower. ITC, Bharti Airtel and HDFC Bank remained under pressure with moderate losses.
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