Nifty ends at six-month low, slips below 8,100-mark

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Press Trust of India Mumbai
Last Updated : Nov 17 2016 | 6:28 PM IST
The NSE Nifty slipped below 8,100-level to end at 8,079.95, its six-month low, due to selling pressure from operators in view of sustained foreign capital outflows amidst narrowly mixed global trend.
Foreign funds continued their selling pressure as they sold shares worth a net Rs 1,957.04 crores yesterday, as per provisional data released by the stock exchanges.
In overseas stock markets, European and Asian stocks witnessed a mixed trend. Key indices in China, Japan, South Korea, Singapore and Taiwan firmed up to 0.70 per cent, while Hong Kong index eased by 0.08 per cent.
The NSE 50-share Nifty dropped by 31.65 points or 0.39 pct to close below 8,100-level after nearly six months to 8,079.95. The index had last settled at 8,069.65 on May 26, 2016.
Other indices like Nifty Media and Nifty IT fell sharply by 2.23 per cent and 1.50 per cent, respectively while Nifty Realty rose by 1.27 per cent.
A total of 538 scrips advanced and 1,089 declined, while 53 remained unchanged.

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Major losers were Ambuja Cement dropped by 4.05 per cent followed by Bharti airtel 4.04 per cent, Zeel 3.43 per cent, ACC 2.80 per cent and TCS 2.39 per cent.
However, Hindalco rose by 3.38 per cent, Tata Motors 3.14 per cent, Powergreed 2.53 per cent and Gail India 1.55 per cent.
Turnover in the cash segment dropped to Rs 18,261.94 crores from Rs 26,142.52 crores yesterday.
A total of 8,087.36 lakh shares changed hands in 84,41,399 trades.
The market capitalisation of NSE listed companies stood at Rs 1,02,39,053 crores.

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First Published: Nov 17 2016 | 6:28 PM IST

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