Sensex gains over 150 pts, Nifty eyes 9250; Midcap outperforms again

Epic Update ITC
Epic Update ITC

Broader markets continued to outperform benchmarks in noon, with the Nifty Midcap and Smallcap indices rising 0.6 percent each on positive breadth.

Both Midcap and Smallcap indices also outperformed in the year so far as they gained around 22 percent each in 2017 against 12 percent rally on the Nifty.

The 30-share BSE Sensex was up 171.14 points at 29,746.88 and the 50-share NSE Nifty rose 40.90 points to 9222.35.

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

ITC was leading contributor to Sensex’ gains, up more than 2 percent followed by Infosys (ahead of earnings), ICICI Bank, HDFC and Reliance Industries whereas Adani Ports topped selling list, down more than 3 percent.

Adani Power crashed 16 percent and Tata Power was down nearly 4 percent as in a compensatory tariff case, the Supreme Court has set aside CERC order of higher tariff for both companies.

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