Nifty consolidates ahead of F&O expiry; Asian Paints surges 7%

Epic Research Asian Paints Update

Equity benchmarks continued to trade higher amid consolidation with the Nifty holding 8600 level ahead of expiry of July derivative contracts.

The 30-share BSE Sensex was up 77.26 points at 28101.59 and the 50-share NSE Nifty rose 15 points to 8630.80. The broader markets outperformed benchmarks.

The BSE Midcap and Smallcap indices gained 0.7-0.8 percent as about two shares advanced for every share declining on the Bombay Stock Exchange.

Asian Paints shares rallied 7 percent after its first quarter (April-June) earnings surpassed analysts' expectations with consolidated profit growing 18.7 percent year-on-year to Rs 553 crore, boosted by operational performance.



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