Midcap, Smallcap outperform Sensex, Nifty; investors await Q4 GDP

Epic Update Mahindra & Mahindra
Benchmark indices continued to be rangebound in morning trade but broader markets outperformed. Investors awaited Q4 and full year GDP due later today.

The 30-share BSE Sensex was up 18.29 points at 31,177.69 and the 50-share NSE Nifty rose 5.20 points to 9,629.75 while the BSE Midcap and Smallcap indices gained nearly a percent each.

The market breadth was positive as about 1226 shares advanced against 734 declining shares on the BSE.

Mahindra & Mahindra extended gains to over 4 percent after brokerage houses remained positive, advising buy.

Maruti Suzuki, Lupin and GAIL gained more than a percent whereas Infosys, ITC, TCS, HDFC and ONGC were losers.

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