The NSE Nifty fell by about 23 points to end below the key 8,000-level as investors booked profits. Mixed Asian and weak European trends, after tepid German business confidence data, were also among factors that affected sentiments today.
Shares of oil firms saw selling after Goldman Sachs slashed 2015 oil price target. Alongwith Oil & Gas, Realty, FMCG and Auto shares suffered the most while Consumer Durables, Capital Goods, Banking and Power ended in the green.
Late selling on bearish European opening pulled it down to settle at 26,752.90, recording a fall of 98.15 points or 0.37 per cent. The Sensex had gained 851.71 points, or 3.28 per cent, in the previous five sessions.
The broader 50-issue CNX Nifty of the NSE fell back by 22.85 points, or 0.29 pe cent, to end at 7,991.70.
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Stocks of FMCG giant, Hindustan Unilever tumbled about 4.75 per cent after it forecast a softer demand environment.
Shares of realty giant DLF slumped 7.84 per cent on concerns the company may face probe in Haryana land deals.
Bucking the overall trend, stocks of companies involved in defence sector like BEML rallied 5 per cent after projects worth Rs 80,000 crore were cleared by the government.
HMT counter surged nearly 20 per cent to touch its highest trading permissible limit for the day amid reports that the company may get another lease of life.