Markets swing between gains and losses; midcap, smallcap underperform

BSE Midcap and BSE Smallcap indices erased their intra-day gains to slip 1% and 0.9%, respectively.

In a volatile trade, Benchmark indices swung between gains and losses in today's trade on selling pressure and political turbulence in the White House.
 
Earlier in the day, S&P BSE Sensex rose as much as 278 points to reach a fresh high of 30,712, surpassing its previous milestone of 30,691 hit on May 17 as FMCG surged on GST boost. The index has hit a new high for the fourth time in five sessions.
 
Government, yesterday, announced rates for more than 1,200 items under the GST, and the outcome had largely benefited the fast-moving consumer goods sector after