Nifty slips 51 points; ends below 10,400
Stock market benchmark Nifty ended lower for the second consecutive session today in a volatile trade and cracked below the key 10,400-mark by losing 50.75 points to quote at 10,360.15 points.
The fall was largely due to selling in key heavyweights in energy, media, PSU banks and FMCG counters.
The market traded choppy during early session amid subdued Asian market trends after the US stocks in the overnight market fell for the third session after the US President Donald Trump sought to impose fresh tariffs on China.
The sentiments also got disturbed on fresh revelations about the fraud at Punjab National Bank hitting sentiments about shares of public sector lenders.
Intense selling pressure was seen in PSU banks, energy, metal and FMCG stocks during final trading hours.
Before ending 0.49 per cent lower at 10,360.15 points, the 50-share Nifty touched a high of 10,420.00 and a low of 10,346.20 in the intraday trade.
The major index losers were IOC, Yes Bank, Reliance Industries, Gail and ICICI Bank. The index gainers included Asian Paints, Bajaj Finance, M&M, Indiabulls Housing Finance and HDFC Bank.
The market breadth, indicating its overall health, turned positive, as a total of 1,100 scrips advanced and 674 declined, while 77 remained unchanged.
As many as 239 stocks hit their price bands.
The cash segment turnover rose to Rs 28,326.59 crore from Rs 27,629.63 crore yesterday.
A total of 17,119.07 lakh shares changed hands in 9,583,112 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,43,09,960 crore.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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