Nifty ends at 8102, slips 41 points post RBI policy

The NSE 50-share Nifty slipped by 41 points to end at 8,102.05 triggered by selling mainly in pharma, realty, banks, FMCG, media and IT sectors after the central bank kept interest rates unchanged and lowered GVA estimates.
However, the fall was arrested after the RBI decided to withdraw incremental CRR from December 10.
Overseas, European stocks opened higher as investors shifted their focus to an upcoming meeting of the European Central Bank (ECB), where they expect further monetary stimulus to be announced.
Most Asian shares edged higher as investors covered short positions and looked to the upcoming policy meeting of the European Central Bank (ECB) for comfort after a referendum defeat tipped Italy into political turmoil.

The 50-share Nifty opened higher at 8,168.40 and moved in a range of 8,190.45 and 8,077.50 before ending at 8,102.05, showing a fall of 41.10 points or 0.50 per cent.
It saw an intra-day movement of about 112.95 points.

On sectoral front, Pharma fell by (2.14 per cent) followed by PSU Bank (1.61 per cent), Realty (1.20 per cent), Bank (1.01 percent), Pvt Bank (0.88 per cent), Media (0.88 per cent), FMCG (0.77 percent), IT (0.58 percent), Finance Service (0.45 per cent) and Infra (0.25 per cent).
While, Auto rose by 0.44 per cent, Metal 0.19 per cent and Energy by 0.11 per cent.

Major index laggards were, SunPharma 5.97 pct, Bank Of Baroda 2.96 pct, Axis Bank 1.94 pct, TechM 2.12 pct, Tata Steel 1.57 pct, Bosch Ltd 1.41 pct and Bajaj Auto 1.31 pct.
The gainers list includes, Eicher Motors 4.12 pct, BPCL 3.13 pct, AdaniPorts 2.02 pct, Idea 1.41 pct, HDFC 1.73 pct and Tata Motors 1.17 pct.
A total of 1,041 scrips declined, 567 advanced while 70 remained unchanged. Total securities that hit their price bands were 87.
Turnover in the cash segment rose to 15,900.05 crores from Rs 13,676.35 as on Tuesday.
A total of 8,268.97 lakh shares changed hands in 7,021,445 trades. The market capitalisation of NSE stood at Rs 10,455,639.40 crore.