The benchmark CNX Nifty of the National Stock Exchange (NSE) today ended flat, down by three points at 5,878.00, amid see-saw trade despite firm global cues, extending losses for the third straight session.
The market started trading on a firm note in the wake of strong Asian cues but could not sustain the trend for long as rupee fell to an all-time low at 58.16 that made operators nervous, brokers said.
Realty, pharma, metal, MNC, metal and bank counters suffered losses while IT stocks were in demand on fall in the rupee as these companies would now receive more rupees for their dollar earnings.
Second-line stocks too underperformed the benchmark index and lost ground on selling pressure.
The 50-issue CNX Nifty moved in a range of 5,931.65 and 5,857.40 before settling at 5,878.00, a fall of three points or 0.05 per cent.
Domestic factors like weakening economy, widening current account deficit and inflation too influenced the sentiment, according to brokers.
Top losers from the Nifty pack were Jindal Steel 4.28 pct, BHEL, 2.75 pct, BPCL 2.63 pct, Indusind Bank 2.31 pct and ICICI Bank 2.09 pct while gainers were ACC 2.00 pct, Ultra Cement 1.79 pct, Infosys 1.63 pct, HDFC 1.58 pct and NTPC 1.52 pct.
Turnover in the cash segment dropped to Rs 8,405.76 crore from Rs 9,211.65 crore last Friday. A total of 5,346.35 lakh shares changed hands in 49,04,963 trades.Market capitalisation stood at Rs 64,22,554 crore.
