Nifty slips 21 points on fag-end selling, Greek woes

After eight sessions gains, the benchmark Nifty slipped 20.70 points on fag-end profit-booking triggered by a slide in European markets as Greece debt woes resurfaced amid rejection of new proposals by some lender countries against the bail-out deal.
Already on a cautious mode ahead of June monthly expiry derivative contract tomorrow, markets witnessed range-bound momentum amid volatility during fag-end trade as European shares fell after Greek government officials said the country's creditors have rejected some of its proposals.
Metal counters witnessed sustained profit-booking, followed by PSU banks, realty, auto, energy and infra sectors, while the broader mid-cap and small-cap shares also witnessed substantial losses.

However, buying was seen in pharma and FMCG counters.
Asian markets ended higher, while European stocks opened lower amid continued negotiations between debt-burdened Greece and its creditors.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 374.97 crore yesterday, as per the provisional data.

The 50-share barometer opened higher at 8,399.40 and traded between 8,421.35 and 8,338.90 before ending at 8,360.85, showing a loss of 20.70 points, or 0.25 per cent, over its previous close.
Stockwise, top five losers were PNB (3.60 per cent), Hindalco (3.58 per cent), Bank of Baroda (2.93 per cent), Tata Steel (2.72 per cent) and M&M (2.53 per cent).

While, notable gainers were BHEL (4.22 per cent), Zee Entertainment (2.79 per cent), Hindustan Unilever (2.38 per cent), Lupin (1.92 per cent) and Sun Pharma (1.56 per cent).
Turnover in the cash segment jumped to Rs 16,048.54 crore from Rs 14,332.75 crore yesterday.
A total of 8,090.06 lakh shares changed hands in 75,34,374 trades and the total market capitalisation of NSE stood at Rs 98,37,480 crore.