Sensex under pressure, Nifty breaks 8200; banks, auto, FMCG fall

Epic Update Infosys

Epic Update Infosys

Equity benchmarks remained under pressure with the Sensex falling over 100 points, weighed by auto, private banks, FMCG and technology stocks. However, the buying in Reliance Industries, HDFC and L&T limited downside.

The 30-share BSE Sensex was down 125.74 points at 26621.44 and the 50-share NSE Nifty fell 48.05 points to 8213.70 while the BSE Midcap lost 0.6 percent on weak breadth.

About 962 shares declined against 845 advancing shares on the BSE.

Overall the market remained rangebound that is likely to continue ahead of Federal Reserve’s two-day policy meeting on December 13-14. Generally this month is always lacklustre for the market as FIIs go for holiday on Christmas.

Infosys, Tata Motors, Asian Paints, Axis Bank and Maruti were down 1-2 percent while Reliance Industries, HDFC and ONGC bucked the trend, up 0.7-1.8 percent.
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