The 50-share NSE Nifty remained in a tight range around 8780 in noon trade while the broader markets outperformed, rising 0.4 percent each on positive breadth.
About 1390 shares advanced against 970 declining shares on the BSE.
Reliance Industries (down 1.8 percent) and Idea Cellular (down 3 percent) fell for the second consecutive session whereas Bharti Airtel rebounded with half a percent gain after falling over 6 percent yesterday. Coal India declined 1.8 percent on account of production and offtake fell short of target set by the company itself.
Coal production for August stood 32.43 MT against target of 40.89 MT and offtake at 36.72 MT against target of 44.51 MT.
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