Nifty settles above 9,600-level, Midcap outperforms

The benchmark Nifty ended the rangebound session lower by 5.15 points at 9,616.10 following selling mainly seen in Energy, Metal and Nifty Bank stocks, but the broader markets maintained their outperformance for the third consecutive session.
Key indices traded on a lacklustre note throughout the trading session with movement restricted to a narrow range around the flat line. Investors awaited RBI policy due next week and monsoon for further market direction.
In overseas markets, European markets moved higher as investors eyed oil prices and continued to monitor politics in the region with UK elections just a week away.
Asian stocks witnessed mixed trend after weaker-than- expected Caixin manufacturing PMI data.

The NSE 50-share Nifty index opened lower at 9,603.55 and hovered between 9,634.65 and 9,589.90 before finishing at 9,616.10, a modest loss of 5.15 points, or 0.05 per cent.
It saw an intra-day movement of about 44.75 points.

Sector-wise, Energy fell 1.08 per cent, Metal 0.88 per cent, Pvt Bank 0.53 per cent, Bank 0.49 per cent and Finance Serv 0.37 percent. However, FMCG rose (1.25 percent), Pharma (0.88 percent), Infra (0.84 percent), Media (0.65 percent) and IT (0.24 percent).
In broader market, the mid-cap and small-cap indices gained by 0.62 per cent and 1.19 per cent, respectively.
Major index losers were IOC (3.63 per cent), Vedl (3.10 percent), ICICI Bank (1.95 percent), Hindalco (1.72 per cent) and ONGC (1.69 percent).

Adaniport rose 3.01 per cent, while other notable gainers were InfraTel (2.63 per cent), Hindunilver (2.66 per cent), Tech M (1.97 per cent), Bosch Ltd (2.08 per cent), Larsen (1.78 per cent) and ACC (1.51 per cent).
A total of 935 scrips advanced, 736 declined, while 75 remained unchanged.
Total securities that hit their price bands were 131.
Turnover in the cash segment fell to Rs 23,462.74 crore, from Rs 39,298.24 crore yesterday.
A total of 11,377.45 lakh shares changed hands in 87,79,558 trades.
The market capitalisation of listed firms on the NSE stood at Rs 1,24,43,546.53 crore.