The market continued to see selling pressure amid consolidation. The Sensex fell 31.86 points to 27799.68 and the Nifty declined 15.35 points to 8451.20, dragged by FMCG, HDFC twins, capital goods and select autos. However, technology and pharma gained strength on further weakness in rupee. The broader markets recouped early losses, up marginally.
About 1068 shares have advanced, 792 shares declined, and 68 shares are unchanged on the Bombay Stock Exchange. Majesco, the insurance subsidiary of Mastek, has opened at Rs 316 against previous close of Rs 438.05 on the National Stock Exchange.
The stock rallied 5 percent to Rs 331.80 compared to its opening price. Cipla and Sun Pharma topped the buying list, up more than 2 percent followed by ICICI Bank, Lupin, Reliance Industries, Infosys, Wipro, Dr Reddy's Labs, Tata Motors, TCS and Vedanta with 0.2-1 percent upside. However, Bharti Airtel plunged nearly 3 percent. HDFC Bank, HDFC, ITC, Larsen & Toubro, Axis Bank, M&M, HUL, Hindalco and Coal India declined 0.5-1 percent.
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