Market Live: Sensex, Nifty open mildly higher; midcaps gain, metals rally

 A day after the Nifty hit the historic figure of 10,000, benchmark indices on Wednesday opened marginally in the green.
The Sensex was up 28.89 points at 32257.16, while the Nifty was up 18.35 points at 9982.90. The market breadth was positive as 318 shares advanced against a decline of 110 shares, while 32 shares were unchanged.
Midcap stocks were trading strong, while metal stocks surged on the back of global commodity rally.
Adani Ports, Dr Reddy’s Laboratories, Vedanta and Hindalco gained the most, while Asian Paints and Axis Bank were the top losers.
Shares of Axis Bank fell over 2 percent intraday on Wednesday as investors reacted to the lender's the June quarter performance.
The country’s third-largest private sector lender’s profit contracted 16 percent year-on-year to Rs 1,306 crore for the quarter ended June 2017, which was slightly ahead of estimates but grew by 7 percent QoQ.

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