Sensex higher, Mid & Smallcap outperforms; railway stocks surge

Epic Research Update : Titagarh Wagons

Equity benchmarks remained higher in noon trade with the Nifty holding 8200 level, supported by FMCG, banks and index heavyweight Reliance Industries shares.

The 30-share BSE Sensex was up 74.43 points at 26669.88 and the 50-share NSE Nifty gained 27.70 points at 8207.20. The broader markets extended gains with the BSE Midcap and Smallcap indices rising 0.7-1 percent on positive breadth.

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

ITC, Reliance Industries, Axis Bank, ICICI Bank and L&T were top five contributors to Sensex’s gains, up 0.5-2 percent while Infosys lost over a percent.

Railway stocks Titagarh Wagons, Texmaco Rail, Kalindee Rail, Kernex Microsystem and Stone India gained 3-5 percent.

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