Nifty ends below 10,750-mark, down 20 points
Mumbai: The Nifty 50 index slipped 20 points to end at 10,749.75 in choppy trade today, led by fresh selling in realty, energy, metal, pharma and IT sectors on the back of subdued Asian cues.
Sustained capital outflows from Indian equites coupled with weak rupee and concerns over rising inflation following MSP hike for kharif crops dented trading sentiment.
Overseas, European markets rose as auto shares surged on reports of tariff talks between the US and Europe.
Most Asian markets declined as investors searched for direction ahead of the deadline when fresh US tariffs on Chinese goods are due to be implemented.
The broader NSE Nifty slipped by 20.15 points or 0.19 per cent to end at Rs 10,749.75 after shuttling between 10,786.05 and 10,726.25.
It saw an intra-day movement of about 59.80 points.
Sector-wise, Realty fell 1.80 per cent, followed by Energy 1.51 percent, Metal 1.42 percent, Pharma 1.33 per cent, IT 1.10 percent, Infra 0.52 percent and PSU Bank 0.50 percent.
Major index gainers were Yes Bank, Ultratech Cement, ITC, Asian Paints, Coal India, Bajaj Auto, HindPetro and Hero MotoCo.
Losers included Titan, Infosys, Tata Steel, Vedanta, Reliance, Sun Pharma, Hindalco, Lupin, Tata Motors and Tech Mahindra.
The market breadth, indicating its overall health, turned negative. A total of 688 scrips advanced and 1,110 declined, while 77 remained unchanged.
As many as 211 total securities hit their price bands.
Turnover in the cash segment rose to Rs 26,064.32 crore from Rs 25,099.64 crore yesterday.
A total of 11,392.68 lakh shares changed hands in 90,76,471 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,43,32,633.17 crore.
Indian markets expected to open sideways due to weak Asia cues. Nifty resistance seen at 11180, support seen at 10900,10830.
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