The market continued to consolidate in noon trade with the Nifty hovering around the 8,550 mark supported by pharma and banking stocks. The broader markets were in-line with the frontliners.
Tata Motors rose over a percent as the board today is expected to consider detailed terms of proposed rights issue of upto 7500 crore and will also mull buy-back of secured non-convertible debentures with face value of Rs 1,250 crore.
Shares of ICICI Bank, HDFC and Mahindra & Mahindra gained more than 1 percent while L&T, ONGC, NTPC, GAIL, Coal India and BHEL declined 1-2.5 percent.
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