Equity benchmarks remained in a consolidation phase with the Nifty hovering around 8550 level due to lack of global as well as domestic triggers. Inflow of foreign money also dried up last week after hefty buying by FIIs since March.
The 30-share BSE Sensex was down 55.22 points at 27727.03 and the 50-share NSE Nifty down 19.25 points at 8553.30. The market breadth was negative as about 1040 shares declined against 780 advancing shares on the BSE.
TCS, Adani Ports and Wipro were top losers on the Sensex, falling 2 percent each while Tata Motors topped the buying list again, up 4 percent as brokerage houses raised target price on the stock after Q1 earnings.
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