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Sensex, Nifty see profit booking; mid, smallcap outperform

The market breadth remained positive as about 1259 shares advanced against 1097 declining shares on the BSE.

12:00

TheNewsInternational Team

12:10 pm Mid-year economic review:

The government will stick to its budgeted fiscal deficit target of 3.9 percent of GDP for the fiscal year ending in March 2016, the finance ministry said in a report today.

The government hopes to hit the target without cutting expenditure or deferring tax refunds, Finance Minister Arun Jaitley had said earlier this week.

In the budget in February, Jaitley had pledged to narrow the deficit to 3.9 percent of GDP in this fiscal year from 4.0 percent in 2014/15.

Also read – Park funds into corrected largecaps: Birla Sun Life AMC

12:00 pm Market Check

The market continued to see profit booking in noon trade but the broader markets outperformed benchmarks. Technology, healthcare, metals and select banking & financials dragged.

The 30-share BSE Sensex fell 144.05 points or 0.56 percent to 25659.73 and the 50-share NSE Nifty declined 42.20 points or 0.54 percent to 7802.15. However, the BSE Midcap gained 0.5 percent and Smallcap rose 0.2 percent.

The market breadth remained positive as about 1259 shares advanced against 1097 declining shares on the BSE.

11:00

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