Sensex, Nifty trim losses; IT, auto, pharma stocks remain lower

The market recouped some losses in afternoon trade with the Sensex reclaiming 28000 level as L&T, ITC and HDFC group stocks gained more strength. 

Technology, auto and healthcare stocks remained lower.
The 30-share BSE Sensex was down 42.45 points at 28034.55 and the 50-share NSE Nifty fell 18.90 points to 8648. 

European markets were slightly higher as investors trod cautiously ahead of the US Federal Reserve's Jackson Hole meeting this week which could produce some hints about the timing of a further interest rate hike.

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