Get Live Intraday Tips Market Updates; Nifty struggles at 8100

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Equity intraday benchmarks pared some early losses with the Sensex falling 97.54 points to 26992.88 and the Nifty declining 36.85 points to 8084.60. However, the broader markets outperformed. The BSE Midcap and Smallcap indices gained 0.3 percent and 0.5 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 1206 to 880 on the BSE.

Drug makers Cipla and Dr Reddy's Labs topped the selling list, down 2 percent each. Rival Sun Pharma declined 1 percent. Shares of Infosys, HDFC, HUL, TCS, HDFC Bank, Tata Steel, Wipro, NTPC, Sesa Sterlite, BHEL and Bharti Airtel gained 0.5-1 percent. Commercial vehicle maker Tata Motors and two-wheeler manufacturer Hero Motocorp bucked the trend, up over 1.5 percent followed by ONGC, L&T, SBI, Bajaj Auto and Coal India with 0.2-0.7 percent.

The S&P BSE Sensex slipped as much as 172 points in trade on Monday, led by losses in capital goods, metals and banks following weakness in the global markets.The Nifty was at 8,071.05, down 50.40 points or 0.62 per cent. It touched a high of 8,086.95 and a low of 8,069.35 in early trade.