Nifty Choppy Around 7400; Metals, Midcaps Outperform

The BSE Sensex and the 50-share Nifty were choppy on Wednesday as investors booked profit after a record closing yesterday. However, buying action was seen in midcap and smallcap stocks with the BSE sub-indices rising nearly 1 per cent. Technical analyst Sarvendra Srivastava said frontline stocks are seeing some pressure at higher levels on profit-taking but there has been a lot of stock-specific action in broader markets. He ad...