Breaking a three-session winning streak, Nifty marginally fell by 6.85 points in choppy trade, dragged down by selling in TCS and Infosys, while the key indices managed to hold the key 8,400-level.
After opening higher, bolstered by positive IIP and retail inflation (CPI) numbers, the market succumbed to volatility following selling in software major TCS and infosys as the lacklustre momentum took the index to close marginally in red.
Trading sentiments stirred on concerns after IT major TCS decision to appoint its Chief N Chandrasekaran as chairman of Tata Sons, and software major Infosys once again revised its annual revenue guidance at 8.4-8.8 per cent from 8-9 per cent while posting good growth.
Elsewhere, Asian markets were mixed, while European stocks trading higher with healthcare stocks recovering from earlier losses.
The NSE 50-share Nifty index opened higher at 8,457.65 and hovered in a range of 8,461.05 and 8,373.25 before closing at 8,400.35, showing a marginal loss of 6.85 points or 0.08 per cent.
The Nifty has gained by 171.15 points or 2.09 per cent in previous three sessions.
Major losers were Idea (4.64 per cent), TCS (4.05 per cent), Hindalco (2.68 per cent), Infy (2.42 per cent) and Larsen (1.55 per cent).
However, Axis Bank rose by (3.87 per cent), GAIL (2.31 per cent), HDFC (2.16 per cent), ITC (2.04 per cent) and TechM (1.52 per cent).
A total of 916 scrips declined, 696 advanced, while 86 remained unchanged. Total securities that hit their price bands were 89.
Turnover in the cash segment moved up to Rs 18,619.03 crores from Rs 18,208.89 crore yesterday.
A total of 8,873.88 lakh shares changed hands in 7,416,104 trades. The market capitalisation of NSE stood at Rs 10,844,075 crore.
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