Sensex, Nifty consolidate; Midcap outperforms; ITC dips

Epic Update ITC

Epic Update ITC

Benchmark indices remained in positive terrain, with the Nifty eyeing 8900 amid consolidation in morning. The broader markets continued to outperform benchmarks, with the BSE Midcap and Smallcap indices rising half a percent each.

The 30-share BSE Sensex rose 9.96 points to 28671.54 and the 50-share NSE Nifty gained 9.50 points at 8888.70.

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

Tata Motors and Tata Steel were top gainers among Sensex, up 1.6 percent each after Natarajan Chandrasekaran has taken a responsibility of Tata Sons by becoming a chairman of the Group. TCS also gained a bit after rising 4 percent in previous session due to share buyback.

Infosys retained upside in morning, up 0.7 percent on hopes of share buyback from the company. Reliance Industries gained 0.7 percent ahead of Reliance Jio’s press conference later today.

Asian Paints, L&T, Axis Bank, SBI and ONGC were other gainers while ITC, HDFC Bank, Bharti Airtel, Maruti and Cipla were under pressure.

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