Equity benchmarks extended upside in afternoon trade. The Sensex gained 86.40 points at 26484.11 and the Nifty rose 29.05 points to 8117.65.

The market breadth remained strong as about three shares advanced for every share declining on BSE.

Europe opens: European stocks opened sharply lower as the fallout from Britain's decision to leave the European Union (EU) continues, sending the pound falling as well. The pan-European STOXX 600 was down 1.12 percent.

 London's FTSE 100 index was down 0.82 percent despite futures earlier trading a lot lower. Investor sentiment was hard-hit on Friday when results of the UK referendum on EU membership went the way of the Brexit camp. Uncertainty over what this meant for Britain's future led to turmoil in global financial markets, with the pound slumping and stocks around the world tanking.

ITC, L&T, SBI, ICICI Bank, Axis Bank, HUL, Adani Ports, Dr Reddy's Labs and NTPC gained 1-2 percent while TCS, Infosys and Wipro fell 1-3 percent.

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 Equity benchmarks extended upside in afternoon trade. The Sensex gained 86.40 points at 26484.11 and the Nifty rose 29.05 points to 8117.65. The market breadth remained strong as about three shares advanced for every share declining on BSE. 12:45 pm Europe opens: European stocks opened sharply lower as the fallout from Britain's decision to leave the European Union (EU) continues, sending the pound falling as well. The pan-European STOXX 600 was down 1.12 percent. London's FTSE 100 index was down 0.82 percent despite futures earlier trading a lot lower. Investor sentiment was hard-hit on Friday when results of the UK referendum on EU membership went the way of the Brexit camp. Uncertainty over what this meant for Britain's future led to turmoil in global financial markets, with the pound slumping and stocks around the world tanking.

Read more at: http://www.moneycontrol.com/news/local-markets/nifty-reclaims-8100-sensex-rebounds-amid-consolidation-itc-up_6933001.html?utm_source=ref_article

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The market lost shine in afternoon trade with the Nifty breaching 7750 level, weighed down by technology, oil, infra and select banking & financials stocks. Weak European opening also dampened sentiment.

The Sensex declined 22.87 points to 25279.03 and the Nifty was up 0.10 points at 7749.80. The market breadth also turned negative as about 1321 shares declined against 1067 advancing shares on BSE.

European stocks opened slightly lower after weak Japanese export data, a dip in oil prices, and the potential for a US interest rate hike in June, weighed on investor sentiment.

FTSE, CAC and DAX were down 0.5-1 percent. HDFC, ONGC, Sun Pharma, Bajaj Auto and Tata Steel were down 1-2 percent while ITC remained top gainer, up 4 percent after brokerages raised target price on revival in cigarette business. Adani Ports and HUL gained over 1 percent.

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