Midcap, Smallcap outperform Sensex; ITC falls for 2nd day, banks gain

Epic Update ITC
The broader markets continued to outperform benchmarks, with the BSE Midcap and Smallcap indices rising 0.6 percent and 0.9 percent, respectively.

The 30-share BSE Sensex was up 34.73 points at 31,244.52 and the 50-share NSE Nifty gained 17.45 points at 9,630.75.

About 1504 shares advanced against 788 declining shares on the BSE.

Reliance Industries, M&M, Asian Paints and Tata Motors continued to rally, up 1-2 percent. Banks stocks like Axis Bank, HDFC Bank, SBI, ICICI Bank were up 0.3-1 percent.

However, the correction in ITC, HDFC, Infosys, TCS, Wipro and Bharti Airtel capped gains.

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