Market is showing signs of fatigue with it hovering at 8900 levels despite supporting factors like liquidity, believes Udayan Mukherjee, Consulting Editor at CNBC-TV18.
Equity benchmarks remained under pressure on weak Asian cues but the broader markets outperformed.
The 30-share BSE Sensex was down 107.78 points at 28560.44 and the 50-share NSE Nifty fell 32.85 points to 8798.70. The BSE Midcap and Smallcap indices were flat with a positive bias.
The market breadth was positive as about 1060 shares advanced against 859 declining shares on the BSE.
Reliance Industries, TCS, L&T, Dr Reddy's Labs, Tata Steel and Coal India gained 0.5-1.5 percent while ICICI Bank, HDFC and ITC fell 1-2 percent.
GNA Axles started off day on a strong note, listing at 22 percent premium. The stock has opened at Rs 252 against issue price of Rs 207 on the National Stock Exchange.
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