Market Live: Nifty Struggles Below 9150 Amid Consolidation

Benchmark indices erased early gains amid consolidation as investors remained on sidelines due to lack of global as well as domestic cues.

The 30-share BSE Sensex was down 48.41 points at 29,470.33 and the 50-share NSE Nifty fell 12.55 points to 9,114.30.

The broader markets underperformed benchmarks, with the Nifty Midcap falling half a percent on weak breadth. About three shares declined for every two shares advancing on the BSE.

Shares of Avenue Supermarts, the operator of supermarket retail chain D-Mart, more than doubled on debut. The stock has opened at Rs 604.40, up 102 percent over issue price of Rs 299.

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