Midcap outperforms Sensex, Nifty above 9500; Reliance drops

Benchmark indices continued to consolidate in late morning trade but the broader markets gained strength, with the BSE Midcap and Smallcap indices rising 0.4 percent each.

The 30-share BSE Sensex was down 27.79 points at 30,930.46 and the 50-share NSE Nifty fell 1.35 points to 9,510.05 despite positive breadth.

About six shares advanced for every five shares falling on the BSE.

Reliance Industries, Asian Paints and SBI were top losers among Sensex stocks, down 1.5-2 percent whereas ICICI Bank, Maruti and Tata Steel gained 1-2 percent.

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