The market remained rangebound with the Nifty hovering around 8780 level. Banks, technology and auto stocks saw selling pressure while capital goods, FMCG and select oil stocks gained.
The Sensex advanced 2.62 points to 28882 while the Nifty slipped 0.90 point to 8779.45 while the BSE Midcap index gained 0.6 percent and Smallcap jumped 1 percent. More than two shares advanced for every share declining on the Bombay Stock Exchange.
Shares of Mahindra & Mahindra, Tata Motors, Dr Reddy’s Labs, NTPC and Hindalco declined 1-1.7 percent while HDFC, L&T, Sun Pharma, Reliance Industries, ITC, HUL, Bharti Airtel, BHEL, ONGC, Tata Steel and Tata Power gained 0.4-1.6 percent.
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