Markets continue lacklustre trade in afternoon session; BSE Midcap up 1%

IT stocks were the main laggards in today's trade on surging rupee with BSE IT down 1.7%

Benchmark indices continued to be tepid in the afternoon trade as investors awaited Federal Reserve rate decision due tonight. The Nifty50 index had logged its fresh all-time high of 9,123 in the previous session.
 
At 1:22 pm, the S&P BSE Sensex was trading at 29,432, down 10 points, while the broader Nifty50 was ruling at 9,094, up 7 points.
 
In the broader market, the BSE Smallcap and BSE Midcap indices outperformed the frontline indices to rise 1% and  0.7% respectively. About 1,349 shares advanced against 936 declining shares on the BSE.
 
Meanwhile, extending gains for the third