Sensex choppy; Lupin extends rally, JP Associates top midcap gainer

Equity benchmarks continued to be volatile in afternoon trade while the broader markets extended gains following positive global cues.

The 30-share BSE Sensex was up 14.82 points at 31,224.61 and the 50-share NSE Nifty gained 14.15 points at 9,627.45.

Lupin extended gains to 4 percent after the launch of generic Vigamox Ophthalmic solution in the US, which has US sales of USD 267.9 million, as per IMS MAT March 2017.

Jaiprakash Associates was biggest midcap gainer, up 6 percent followed by Videocon Industries, Shriram Transport, Reliance Communications and Tata Chemicals with 3-5 percent upside.

The BSE Midcap and Smallcap indices gained nearly a percent each as about 1,606 shares advanced against 910 declining shares on the exchange.

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