The market ended almost flat ahead of the key apex bank policy review tomorrow, with the rate sensitive heavy weights witnessing selling pressure that led to the benchmark Nifty losing 9.95 points at the National Stock Exchange (NSE).
Though the broader market gained, volatility was the order of the day with index momentum moving in positive and negative terrains.
Stocks from key banking, auto, metal, FMCG, realty and infra counters incurred selling. While, pharma, IT and shares mid-cap and small-cap companies traded in positive zone.
Investor sentiment was also affected by volatile Asian stocks amid violent pro-democracy protest in Hong Kong.
However, the market breadth was strong as 1,005 stocks advanced and 536 stocks declined, while 48 stocks were unchanged.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,133.64 crore last Friday as per the provisional data of stock exchange.
The broad-based 50-issue CNX Nifty commenced higher and moved between 7,991.75 and 7,934.70 before closing at 7,958.90, showing modest loss of 9.95 points, or 0.12 per cent.
Key losers from the Nifty pack were Jindal Steel 3.62 per cent, DLF 2.61 per cent, Kotak Bank 2.05 per cent, Tata Steel 1.66 per cent and SSLT 1.56 per cent.
Other notable losers were Coal India, Bajaj Auto, Cairn, ICICI Bank and HeroMotoCorp.
The gainers were SunPharma 3.62 per cent, TCS 3.13 per cent, GAIL 2.13 per cent, Infy 1.87 per cent and PowerGrid 1.86 per cent.
Turnover in the cash segment plunged to Rs 13,266.19 crore from Rs 17,458.64 crore last Friday.
A total of 12,709.91 lakh shares changed hands in 59,61,828 trades, while market capitalisation stood at Rs 91,64,326 crore.
