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Markets steady; Telecom index gains over 2%

Broader markets ourperformed with BSE Midcap and BSE Smallcap rising 0.3% and 0.4% respectively

Photo: Shutterstock
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<b> Photo: Shutterstock <b>

Pranati Deva New Delhi
Benchmark indices gained in the noon trade amid mixed cues in Asian markets as dollar gained after Federal Reserve Chair Janet Yellen hinted on hiking rates at a gradual pace this year.
 
Back home, investors remained cautious as the corporate earnings season continues. Yes Bank, Axis Bank and Federal Bank will announce their Q3 results today.
 
At 12:32 pm, the S&P BSE Sensex was trading at 27,330, up 73 points, while the broader Nifty50 was ruling at 8,435,up 18 points.
 
Broader markets marginally ourperformed benchmark indices with BSE Midcap and BSE Smallcap rising 0.43% and 0.44% respectively.