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Equity Tips

Sensex consolidates, Midcap outperforms; Max India falls 5%

Equity benchmarks continued to consolidate for the second consecutive session today with the Nifty hovering around 8500 level while the broader markets outperformed. The BSE Midcap and Smallcap indices gained 0.2-0.5 percent.

Market opens in red but Nifty slightly above 8500; ONGC down 1%

The market has opened in red but the Nifty has managed to hold 8500. The Sensex is down 1.70 points at 27813.48, and the Nifty is down 6.40 points at 8513.10. About 292 shares have advanced, 160 shares declined, and 27 shares are unchanged.

GAIL, Bharti Airtel,L&T, HDFC Bank and Coal India are top gainers while Bajaj Auto, Wipro, Sun Pharma, ONGC and M&M are losers in the Sensex.

The Indian rupee opened with marginal gain of 5 paise at 67 per dollar versus previous close 67.05. The yen strengthened versus the dollar. The pound slipped amid Theresa May's elevation as Britain's new prime minister.

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