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Equity Tips
Midcap outperforms Sensex, Nifty hovers around 9600; Wipro down 2%
Equity benchmarks opened moderately higher on Friday, with the Nifty reclaiming 9600 level despite mixed Asia trade.

The 30-share BSE Sensex was up 66.32 points at 31,142.05 and the 50-share NSE Nifty rose 26.40 points to 9,604.45.

HDFC Bank and Tata Motors were leaders in early trade while Infosys, Reliance Industries, HDFC and Asian Paints were under pressure.

The broader markets marginally outperformed benchmarks, with the BSE Midcap and Smallcap indices rising 0.4 percent each. Four shares advanced for every share falling on the National Stock Exchange.

The Indian rupee declined in the early trade. It has opened lower by 12 paise at 64.66 per dollar, lowest level since May 30, against 64.54 on Thursday.

Indexes in Asia traded mixed following the declines in tech stocks on Wall Street and the Bank of Japan announced monetary policy. Japan's benchmark Nikkei 225 index gained 0.53 percent while South Korea's Kospi erased earlier gains to trade lower by 0.11 percent.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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