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Equity Tips

Nifty holds 8600, Sensex flat; Midcap outperformance continues

Equity benchmarks remained lacklustre in trade after rallying 1 percent in previous session but the broader markets continued to outperform.

The 30-share BSE Sensex was up 0.69 points at 28096.03 and the 50-share NSE Nifty fell 2.45 points to 8633.20 while the BSE Midcap and Smallcap indices gained more than 0.4 percent each. About 1146 shares advanced against 726 declining shares on the Bombay Stock Exchange. Infosys, Tata Motors, Axis Bank, L&T, ITC and Tata Steel were positive contributors while ICICI Bank, HDFC, Lupin, TCS, Reliance Industries and HDFC Bank were laggards.

The market has opened flat on Tuesday with the Nifty holding 8600. The 50-share index is down 1.90 points at 8633.75 and the Sensex is up 25.61 points at 28120.95. About 264 shares have advanced, 75 shares declined, and 21 shares are unchanged.

GAIL, Cipla, Tata Steel, BHEL and ONGC are top gainers while HDFC, Lupin, ICICI Bank, Dr Reddy's and Axis Bank are losers in the Sensex. The Indian rupee opened marginally lower at 67.41 per dollar against previous close 67.35.

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