Sensex, Nifty, Midcap marginally higher; FMCG, infra stocks gain
Equity benchmarks as well as broader markets were marginally higher amid consolidation in morning trade, especially ahead of expiry of June derivative contracts due on Thursday.
The Sensex rose 37.86 points to 26440.82 and the Nifty gained 12.30 points at 8107 while the BSE Midcap and Smallcap indices advanced 0.3-0.6 percent. The market breadth remained positive as about 1242 shares advanced against 484 declining shares on Bombay Stock Exchange.
FMCG, infra, telecom, pharma and oil & gas stocks were trading higher while Tata Motors lost 2 percent. ICICI Bank, Wipro, TCS, Bajaj Auto and Tata Steel were down 0.2-0.8 percent.
The market has opened flat but the Nifty managed to scale 8100. The 50-share index is up 9.30 points at 8104 and the Sensex is up 7.59 points at 26410.55. About 573 shares have advanced, 164 shares declined, and 40 shares are unchanged.
The Indian rupee gained in the early trade. It has opened higher by 18 paise at 67.77 per dollar against 67.95 Monday. The pound arrested its drop versus the dollar amid signs the market may be taking a breather following the UK's shock vote to leave the european union. All eyes on the two-day EU leaders summit commencing later today. The US dollar index above 96 levels.
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