Nifty hovers around 8200, Midcap outperforms; pharma, energy up
The market continued to consolidate with the Nifty hovering around 8200 level due to lack of global as well as domestic cues. FMCG, banking & financials and technology stocks were under pressure while infra, pharma and energy shares gained.
The Sensex declined 28.05 points to 26735.41 and the Nifty fell 6.50 points to 8197.10 while the broader markets outperformed. The BSE Midcap and Smallcap indices gained 0.3 percent and 0.6 percent, respectively.
The Indian rupee fell further in early trade. The currency has opened at 66.80 a dollar, down 9 paise compared with 66.71 a dollar in previous session.
The dollar climbed the most this month versus the euro, and strengthened for the first time in three days against the yen.