Market Bizzz

Broader indices outperformed the main indices with BSE Midcap and Smallcap indices rising 0.5 percent each.

The small and mid-cap indices outperformed their large-cap peers on the back of several companies reporting solid growth in Q2.

Hero MotoCorp, Coal India, Bajaj Finance, JSW Steel and Divis Labs were among major losers on the Nifty, while gainers included Sun Pharma, BPCL, NTPC, Axis Bank and Dr Reddy#39;s Labs.

The changing environment and global influences would need the realignment and rebalancing of portfolios, which adds to volatility. We recommend reducing discomforting holdings (stocks) and moving to more stable and growth-oriented companies

ICICI Bank was the top laggard in the Sensex pack, tumbling 1.34 percent, followed by Power Grid which lost 1.10 percent.