Nifty holds 9600 amid consolidation; NTPC soars 4%, BHEL tanks 10%

Epic Update BHEL

Equity benchmarks continued to be rangebound in morning trade as investors digested fourth quarter earnings and awaited monsoon that is expected to be at normal level.

The 30-share BSE Sensex was up 55.28 points at 31,164.56 and the 50-share NSE Nifty rose 6.40 points to 9,611.30.

The market breadth remained in favour of declines as about 1404 shares were in red against 884 advancing shares on the BSE.

NTPC was the biggest gainer among Sensex stocks, up 4 percent whereas BHEL lost 10 percent post disappointing earnings.

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