Equity benchmarks continued to consolidate for the third consecutive session with the Nifty hovering around 8650 level ahead of expiry of August derivative contracts.
The 30-share BSE Sensex was up 29.20 points at 28019.41 and the 50-share NSE Nifty gained 12.05 points at 8644.65 while the broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.5 percent each.About two shares advanced for every share falling on the exchange.
Infosys rallied for the second consecutive day, up 1.7 percent. Maruti Suzuki and NTPC gained 2 percent each while Lupin shed 1.7 percent.
Aurobindo Pharma was up 5% after the pharma major reported a 24% increase in consolidated net profit at Rs 585 crore for the quarter ended June, 2016 driven by double-digit sales growth across major markets led by the US formulations business. The net profit for the year ago period was Rs 471 crore.
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