Midcap Underperforms Sensex, Nifty

Equity benchmarks continued to trade higher in afternoon, with the Sensex rising 85.82 points to 32,518.51.
The 50-share NSE Nifty rose 31.10 points to 10,198.60 while the Nifty Midcap and Smallcap indices traded flat.
Bharti Airtel continued to rally, up 4 percent after the telecom operator and Millicom International Cellular announced completion of a deal to combine their operations in Ghana.