ITC rally helps Sensex, Nifty trade steady; market breadth narrows

Epic Update ITC
After erasing a huge chunk of the morning gains, benchmark indices traded steady, largely supported by ITC’s rally.

The Sensex was up 139.28 points at 30604.20, while the Nifty was up 28.20 points at 9456.10. The market breadth was narrow as 1,111 shares advanced against a decline of 1,166 shares, while 141 shares were unchanged.

ITC, Hindustan Unilever, and Indiabulls Housing gained the most on both the indices, while SBI, Lupin, and Tata Power lost the most.

Midcaps continued to underperform the index, while pharma stocks were lower as well.

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