Nifty ends two-week low on fag-end selling, down 12 pts

The market finished in the negative zone for the fifth straight day, reversing the lofty momentum following fag-end selling pressure in key Energy, Banking and Metal counters led the benchmark Nifty to loss 12 points.
Earlier the index gained sharply as investors picked up stocks from key IT counters on reports of major IT services provider Cognizant Technology Solutions forecasting higher revenue growth outlook, as key index climbed to reach 8,838.45 points during intra-day.
Volatility struck market sentiment on renewed worries affecting global markets over volatile crude prices and abrupt halt by European Central Bank of acceptance of Greek bonds in return for funding.

Meanwhile, Foreign portfolio investors (FPIs) sold shares worth a net Rs 83.80 crore yesterday as per the provisional data from the stock exchanges.
Elsewhere, most of the Asian stock markets ended lower.
The Broader 50-share index wide movements between a high of 8,838.45 and a low of 8,683.65 before ending over two week lows at 8,711.70, down 12 points, or 0.14 per cent over its previous close.

Major losers were Tata Power 7.55 per cent, Jindal Steel 4.88 per cent, SSLT 4.06 per cent, Bank of Baroda 3.98 per cent, ONGC 3.98 per cent, ICICI Bank 2.63 per cent, M&M 2.58 per cent and BhartiArtl 1.15 per cent.

However, the gainer were BPCL rose by 4.02 per cent, HCL Tech by 3.80 per cent, Wipro 3.08 per cent, Infy 2.38 per cent, TCS 1.52 per cent and Coal India 1.05 per cent.
Turnover in the cash segment fell to Rs 19,617.55 crore from Rs 20,223.98 crore yesterday. A total of 9,352.61 lakh shares changed hands in 80,53,827 trades. The market capitalisation at NSE stood at Rs 10,011,245 crore.