Nifty slips below 6100; DRL, BHEL, Maruti lead gainers
After the massive rally last week, the market seemed to take a breather today. The Sensex was down 101.42 points at 20020.90, and the Nifty fell 25.55 points at 6081.70. Investors are likely to watch out for the CPI inflation data to be released later in the day.
Amidst tepid trading, pharma stocks were seeing some buying interest with Dr Reddy's Lab (up 1.1 percent) as lead gainer in the Sensex. BHEL, Maruti Suzuki, HDFC Bank and Sterlite Industries were the other gainers.Muthoot Finance gained 2.2 percent while MTNL surged 3.2 percent. Meanwhile, FMCG stocks were facing heavy selling pressure with ITC and HUL topping the losers list. HDFC, Bharti Airtel, NTPC, TCS and Tata Motors were the major losers in the Sensex.Media stocks which rallied last week were knocking off gains on Monday morning.Some companies that are expected to announce March quarter earnings today are Bank of India, BoB, Rel Power, Eicher Motors, Nestle, Tata Coffee, Titagarh Wagon and Zydus Wellness.