Midcap outperforms Sensex, Nifty hovers around 9600; Wipro down 2%

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Equity benchmarks continued to trade marginally higher in morning trade but the broader markets outperformed.

The 30-share BSE Sensex was up 36.37 points at 31,112.10 and the 50-share NSE Nifty rose 22.55 points to 9,600.60 while the BSE Midcap and Smallcap indices gained over half a percent on positive market breadth.

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

ITC, Tata Motors, ICICI Bank, M&M and Axis Bank were top contributors to Sensex’ gains while Reliance Industries, Infosys, Wipro and TCS were under pressure.

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Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300