Nifty hovers around 7550; Infosys, HDFC, Lupin under pressure
The market continued its consolidation after a 2 percent loss in previous week as investors are eagerly waiting for fourth quarter earnings and outlook for FY17.
The 30-share BSE Sensex fell 31.86 points to 24641.98 and the 50-share NSE Nifty declined 4.05 points to 7551.15 while the broader markets outperformed benchmarks.
Bharti Airtel gained 3 percent on acquisition of 4G spectrum from Aircel in 8 circles.
ONGC, Adani Ports, Tata Motors and Idea Cellular were other gainers while Infosys, Cipla, M&M, HDFC, Tata Steel, Asian Paints, Wipro and BPCL were losers.
The Indian rupee opened lower by 3 paise at 66.50 per dollar today against 66.47 Friday.
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