Sensex ranged, Midcap outperforms; southwest monsoon hits Kerala

The market continued to be sluggish in noon trade as investors digested outlook on monsoon that hit Kerala yesterday.
Met Department says there is no change in forecast, adding monsoon will cover Karnataka in two days and coast of Maharashtra in next 4 days.
Rainfall is expected to 107 percent above normal level.
The 30-share BSE Sensex rose 41.04 points to 27050.71 and the 50-share NSE Nifty gained 8.55 points at 8275 while the broader markets outperformed benchmarks.
The BSE Midcap and Smallcap indices were up 0.4-0.8 percent on positive market breadth. About 1393 shares advanced against 830 declining shares on Bombay Stock Exchange.



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