Sensex rises 150 pts, Midcap outperforms Nifty; FMCG, IT underperform

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Equity benchmarks remained strong in late morning trade as the Sensex was up 147.40 points at 31429.88, backed by banks, auto, metals and select pharma stocks.

The 50-share NSE Nifty continued to hold 9,800 level, up 49.15 points at 9,818.10.

The broader markets gained more than benchmarks, up over a percent on strong breadth. About three shares advanced against 534 declining shares on the BSE.

 However, FMCG and Technology indices were under pressure.

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