Nifty holds 10,050 amid consolidation; IOC continues to rally

Epic Update Kesoram IndustriesEpic Update Kesoram Industries

Equity benchmarks continued to be rangebound in afternoon trade as investors looked for remaining corporate earnings due this week.

The 30-share BSE Sensex was up 7.37 points at 32,332.78 and the 50-share NSE Nifty gained 8.80 points at 10,075.20.

The broader markets extended gains, with the BSE Midcap and Smallcap indices rising nearly 1 percent on strong breadth.

 About 1,424 shares advanced against 911 declining shares on the BSE.

IOC rallied further today, up nearly 3 percent on top of 8 percent rally in Friday’s session post better-than-expected refining margin.

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