Nifty tumbles for fifth day; down by 29 points

Bourses attempt to pull back were bogged down by intense selling pressure in key heavyweights, which led the CNX Nifty weakened by another 29 points to close at 6,162.25 at the National Stock Exchange (NSE) today.
Choppiness was the order of the day as investors continued to remain wary ahead of third quarter results to be released this week amid lack of definite direction.
FII sell-off also added to market men woes as it dumped another Rs 318.91 crore yesterday as per provisional data of the stock exchanges.
Heavy selling was seen in IT, energy, metal and fmcg sectors, also shares from mid-cap and small-cap companies bore profit-booking at higher levels. However, buying was witnessed in pharma and auto counters.

Resuming positive on mixed Asian stocks, volatility prevailed led the key indices to dip into negative zone in morning trade. It tried to bounce-back on better European market but was short-lived on selling pressure and ended in red.
The 50-share Nifty traded between a high of 6,221.50 points and a low of 6,144.75 points before ending at 6,162.25 points, showing a fall of 29.20 points, or 0.47 per cent.
Major losers were Tata steel, Bank of Baroda, Tata Power, SSLT, BPCL, Ultracemco, JP Associate, SBIN, DLF and ONGC. While Maruti, IndusindBk, M&M and SunPharma ended with gains.
Turnover in the cash segment rose to Rs 11,770.40 crore from Rs 10,607.11 crore yesterday. A total of 7,495.43 lakh shares changed hands in 64,20,665 trades, while market capitalisation stood at Rs 67,57,947 crore.