Midcap continues to outperform, Nifty nears 10,400; HDFC gains

The benchmark indices continue to trade lower in the afternoon trade. The Sensex was down 120.36 points at 33604.08, and the Nifty was down 32.10 points at 10367.40. About 1267 shares have advanced, 1296 shares declined, and 135 shares are unchanged

The broader markets continued to outperform equity benchmarks in afternoon, with the Nifty Midcap index trading near its record high level.

The 30-share BSE Sensex was down 30.27 points at 33,694.17 and the 50-share NSE Nifty fell 4.80 points to 10,394.70.

About 1,428 shares advanced against 1,046 declining shares on the BSE.

HDFC (up 1.14 percent) and HDFC Bank (0.6 percent) continued to support the market while Reliance Industries, ICICI Bank, ITC, Infosys and L&T were down around a percent each.

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Midcap continues to outperform, Nifty nears 10,400; HDFC gains