The 50-share NSE Nifty moved down by 27.65 points today to close at 8,232.90 on persistent selling pressure ahead of the expiry of futures and options contract on Thursday.
Cautious approach ahead of the crucial two-day meeting of the US Federal Open Market Committee (FOMC), which is scheduled to begin later in the day also affected the market sentiment.
It is widely expected that the FOMC will neither hike rate nor give any strong signal about the future path of policy on October 28.
The 50-share Nifty fell further by 27.65 points or 0.33 per cent to 8,232.90. It had lost 62.55 points or 0.75 per cent in previous two sessions.
Stock-wise, notable losers were, Lupin 5.16 per cent, ONGC 3.33 per cent, GAIL 3.16 per cent, HDFC 2.86 per cent and Bank of Baroda 2.15 per cent.
Among the gainers were, Maruti was up by 2.55 per cent, Ultra Cement 2.27 per cent, Sun Pharma 2.23 per cent, BPCL 1.21 per cent and Asian Paints 1.15 per cent.
Turnover in the cash segment rose to Rs 16,899.06 crore from Rs 14,166.45 crore yesterday. A total of 7,705.28 lakh shares changed hands in 73,13,691 trades and the market capitalisation of NSE stood at Rs 98,04,638 crore.
