Nifty holds 8550 amid consolidation; FMCG, pharma support

The market is directionless in noon trade. The Nifty traded above the 8550 mark led by pharma, auto and FMCG stocks while banking & financials and technology stocks remained under pressure.



The Sensex slipped 11.18 points to 28248.96 and the Nifty declined 2.50 points to 8583.75. The BSE Midcap and Smallcap indices outperformed benchmarks, up 0.6-0.8 percent.



About 1484 shares have advanced, 888 shares declined, and 169 shares are unchanged on the BSE.



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Posted in: Indian Market Tips