Nifty Midcap Rallied 0.9 Percent On Strong Market Breadth

Equity benchmarks opened sharply higher after correction seen in previous two consecutive sessions, backed by positive global cues and a bit of short covering in beaten down stocks.

The 30-share BSE Sensex was up 155.34 points at 33,374.15 and the 50-share NSE Nifty gained 48.30 points at 10,351.50.

Reliance Industries, Tata Motors, ICICI Bank, IOC, HUL, SBI, Vedanta, HPCL, Axis Bank, Sun Pharma, Bharti Airtel and Tata Steel gained 1-2 percent while Coal India, IndusInd Bank, Eicher Motors and Infosys were under pressure.

Nifty Midcap rallied 0.9 percent on strong market breadth. About five shares advanced for every share falling on the BSE.

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