Nifty hovers around 9150, Midcap sees profit booking; banks, auto drag

Epic Update HDFC Bank
Epic Update HDFC Bank

Equity benchmarks were off day’s high in noon on the back of profit booking in banks, auto, infra and metals stocks.

ITC continued to help the market remain in positive terrain, adding 188 points to the Sensex.

The 30-share BSE Sensex was up 76.22 points at 29,662.07 and the 50-share NSE Nifty gained 1.30 points at 9,155.

The broader markets underperformed benchmarks, with the Nifty Midcap losing half a percent after hitting a record high. The market breadth was also in favour of declines as about three shares fell for every two shares gained on the BSE.

HDFC Bank and Reliance Industries also helped the market stay in green while profit booking continued in ICICI Bank, L&T, SBI, Tata Motors, Bharti Airtel and M&M.

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