Sensex, Nifty consolidate with negative bias but Midcap outperforms

Equity benchmarks continued to consolidate with negative bias but the broader markets outperformed in late morning trade.

The 30-share BSE Sensex was down 48.94 points at 31,320.40 and the 50-share NSE Nifty fell 19.40 points to 9,655.15.

The BSE Midcap index gained 0.1 percent and Smallcap was up 0.3 percent on positive breadth. About 1,251 shares advanced against 1,070 declining shares on the exchange.

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