Sensex off day’s high on HDFC, ICICI losses but Reliance supports

Epic Update Reliance IndustriesEpic Update Reliance Industries

Equity benchmarks as well as broader markets erased morning gains, with the Nifty falling below 9150 level amid consolidation that continued for seventh consecutive session today.

The 30-share BSE Sensex gained 13.35 points at 29,435.74 and the 50-share NSE Nifty rose 5.60 points at 9,142. The BSE Midcap and Smallcap indices were up 0.3-0.7 percent on weak breadth.

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

Reliance Industries, which gained 3.5 percent ahead of earnings, continued to help the market trade in positive terrain.

HDFC Bank and Axis Bank also supported the market but the correction in HDFC, ICICI Bank and ITC restricted market’s gains.

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