Sensex strong on global cues; Midcap flat despite positive breadth
Equity benchmarks started off the week on a positive note after seeing consolidation in previous two weeks, backed by positive Asian cues.
The 30-share BSE Sensex was up 126.50 points at 31,182.90 and the 50-share NSE Nifty rose 33.70 points to 9,621.75 while the broader markets gained half a percent
The market breadth was strong as about three shares advanced for every share falling on the BSE.
Dredging Corporation surged 4 percent on stake sale buzz while Hathway Cable gained 7 percent ahead of its subsidiary IPO launch.
Jayant Agro, Indian Hotels, Hume Pipe, Ujjivan Financial and Cadila Healthcare gained 2-4 percent while Amtek Auto, Videocon Industries and Lanco Infratech fell 4-6 percent.
The Indian rupee has opened flat at 64.42 per dollar against Friday's closing value.
USD-INR pair in absence of any directional cues and expects it to continue to trade in a range of 64.20-64.80/dollar.
Asian bourses traded in the green as markets geared up ahead of Brexit negotiations between the UK and the European Union, and as French President Emmanuel Macron's party won a parliamentary majority at the weekend.
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