The NSE 50-share Nifty extended its losses for the second straight day on persistent selling pressure mainly in Realty, Auto, Pharma, Banking and Infra sectors in view of disappointing corporate results.
Shares of Tata Motors and Sun Pharma extended its losses after weak third quarter earnings yesterday.
Higher advices from global markets failed to restrict losses in the domestic market. Led by banks, US indexes closed at record highs for a fourth-straight session on Tuesday after Yellen hinted to the Senate Banking Committee that the central bank could gradually raise interest rates sooner rather than later
The NSE 50-share Nifty opened lower at 8,778.95 and hovered in a range of 8,807.90 and 8,712.85 before ending at 8,724.70, showing a loss of 67.60 points or 0.77 per cent.
The Sensex has lost 80.35 points or 0.91 pct in two days.
The Nifty Realty dropped by 3.92 pct followed by Auto 3.03 pct, Pharma 1.79 pct, PSU Bank 1.46 pct, Metal 1.45 pct and Infra 1.24 pct.
Meanwhile, Foreign portfolio investors (FPIs) sold shares worth a net Rs 6.45 crs yesterday, as per provisional data released by the stock exchanges.
Major losers were Tata Motor (9.46 pct), Sun Pharma (4.04 pct), Auto Pharma (3.39 pct) and BHEL 3.37 pct.
However, Infratel rose by 1.57 pct followed by Zeel by 1.51 pct, ITC 0.96 pct, HDFC bank 0.85 pct and Bajaj Auto 0.41 pct.
A total of 1,364 scrips declined, 302 advanced, while 56 remained unchanged. Total securities that hit their price bands were 106.
Turnover in the cash segment rose to Rs 22,334.20 crs from Rs 19,942.50 crs yesterday.
A total of 11,786.52 lakh shares changed hands in 8,600,041 trades. The market capitalisation of NSE stood at Rs 11,275,967 crore.
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