Nifty struggles below 8100 amid consolidation; Lupin, HUL gain

The NSE Nifty continued to struggle below 8100 amid consolidation, weighed by banking & financials and technology stocks. However, the buying in auto and FMCG stocks capped downside.
The 30-share BSE Sensex was down 39.97 points at 26190.69 and the 50-share NSE Nifty fell 7.20 points to 8079.60 while the broader markets outperformed benchmarks.

The BSE Midcap and Smallcap indices gained 0.2 percent each on positive breadth.

About 1126 shares advanced against 720 declining shares on the exchange.

Italy citizens’ “No” in referendum on Sunday already priced in by global markets. It meant they want to be a part of European Union.

Lupin, HUL, ONGC, Bharti Airtel, Mahindra & Mahindra, NTPC and Cipla gained 1-2 percent whereas HDFC was the biggest loser among Sensex 30 stocks, down 3 percent followed by TCS with 1.5 percent loss.

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