Midcap Underperforms Sensex; Aurobindo up 3%, Motherson Trims Losses

Intraday Nifty Future Tips
Benchmark indices continued to trade lower and are heading towards lower closing for fourth consecutive session.
The 30-share BSE Sensex was down 103.86 points at 31,693.98 and the 50-share NSE Nifty fell 28.55 points to 9,879.50 on weak breadth.

About 1,624 shares declined against 626 advancing shares on the BSE. The BSE Midcap and Smallcap indices underperformed Sensex, down 0.8 percent.

Motherson Sumi trimmed its losses to 2 percent from 6 percent post earnings.

Auto ancillary firm Motherson Sumi Systems missed analysts' expectations on bottomline as well as operational front for April-June quarter as profit fell 21 percent year-on-year to Rs 347.3 crore.

Profitability was impacted by one-time loss of Rs 150.15 crore and weak operational performance by SMP that makes exteriors and interiors of cars.

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