Sensex firm, midcaps continue outperformance; banks gain

Equity benchmark indices traded steady after opening 100 points higher, while the Nifty was seen nearing 9450. Midcaps and banks continued to trade half a percent higher.

The Sensex was up 99.37 points at 30287.52, while the Nifty was up 32.25 points at 9433.15. The market breadth was marginally narrow as 1,293 shares advanced against a decline of 692 shares, while 97 shares were unchanged.

Dr Reddy’s Laboratories, Tata Steel, Kotak Mahindra Bank and Grasim were the top gainers on both the indices, while Infosys, Reliance and Aurobindo Pharma lost the most.

Buzzing Stock: Shares of  rose 1.5 percent in early trade as it has entered into agreements for stakes divestment in its Indonesian coal mining entities.


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