Nifty plunges 43 pts on selling pressure, global cues

NSE benchmark index Nifty slipped by 43 points to 7,741 in today's trade on sudden selling pressure mainly in FMCG, metal, auto, infra, banking and pharma counters.
Barring IT and Energy stocks, all other sectoral indices were in red. Weakness in global stocks also weighed on the domestic bourses.
At the overseas market, Asian equities tumbled as China continued guiding the yuan lower and after the outcome of a monthly survey, pointed to weakness in its services sector.
Fresh geopolitical concerns over the Korean Peninsula also weighed on sentiment in Asian markets after announcement from North Korea that it had successfully conducted a hydrogen-bomb test. European stocks edged lower as investors continued to fret over slowing economic growth in China.

The 50-share Nifty resumed slightly higher at 7,788.05 and hovered in a range of 7,800.95 and 7,721.20 before ending at 7,741, a loss of 43.65 points, or 0.56 per cent.
On the sectoral front, metal dropped by 1.75 per cent, followed by FMCG (1.83 per cent), auto (1.37 per cent), realty (1.14 per cent), infra (0.94 per cent) and bank by (0.63 per cent).

However, Energy rose by 1.23 per cent and IT by 0.14 per cent.
Mid-cap and small-cap indices fell by 0.24 and 0.55 per cent, respectively.
Major laggards were Vedl down by (3.79 per cent), ITC by (3 per cent), ICICI Bank (2.57 per cent), Hindalco (2.48 per cent) and Tata Motors (2.28 per cent).

Key gainers included Reliance up by (2.69 per cent), Cipla (1.76 per cent), TCS (1.39 per cent), BPCL (1.07 per cent), Indus Bank (0.93 per cent) and Coal India (0.71 per cent).
Turnover in cash segment rose to Rs 20,110.22 crore from Rs 17,657.69 crore yesterday.
A total of 12,892.63 lakh shares changed hands in 89,97,270 trades. The market capitalisation of NSE stood at Rs 97,22,034 crore.