Nifty hovers around 7900, Sensex flat; Bajaj Auto rises 2%
The market is in a consolidation mode with the Nifty hovering around 7900. The 50-share index is down 8 points or 0.1 percent at 7904.05. The Sensex is down 16.68 points at 25863.70.
Bajaj Auto, Tata Steel, Adani Ports, Maruti and Tata Motors are gainers while BHEL, Sun Pharma, Infosys, Bharti and HDFc are losers in the Sensex.
The Indian rupee opened lower by 11 paise at 66.50 per dollar against previous close of 66.39.The euro held steady against the dollar after slipping yesterday as traders looked past a European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next week.
Asia markets opened lower on the final trading day of the week, following losses in US stocks overnight as telecoms led declines amid the latest batch of earnings.Analysts reckoned there might be some profit-taking at play in the markets today.
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