Midcap continues to outperform Sensex; PNB, Bank of India slip 6%

Sensex Down

Benchmark indices traded in a tight range around Monday’s close, but the broader markets continue to outperform, with the Nifty Midcap index rising more than half a percent.

The 30-share BSE Sensex was up 35.16 points at 34,335.63 and the 50-share NSE Nifty gained 15.20 points at 10,555.

About two shares advanced for every share falling on the BSE.

The market was shut on Tuesday for Mahashivratri holiday.

PSU banks came under pressure in morning after the Reserve Bank of India (RBI) has revised the new stressed assets framework asking banks to resolve defaults within 180 days.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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Epic Research
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