Benchmark Nifty settled 26 points lower today on selling pressure in key PSU Bank, Pharma, Metal and IT stocks following mute quarterly results.
Most Asian markets ended higher, bolstered by a surge in global stocks to a record high on strong US corporate earnings. Earlier in the day, the Bank of Japan kept its monetary policy unchanged after its two-day meet.
European bourses were trading higher supported by a surge in global stocks, as investors awaited a rate decision by the European Central Bank (ECB) later in the session.
The Nifty opened higher at 9,920.20 and hovered between 9,922.55 and 9,863.45 before settling at 9,873.30, a loss of 26.30 points, or 0.27 per cent. It saw an intra-day movement of about 59.10 points.
The key index had gained 72.45 points in its previous session.
Sector-wise, PSU Bank fell 1.16 per cent, followed by Pharma (0.92 per cent), Metal (0.92 per cent), IT (0.88 per cent), Commodities (0.79 per cent), Media (0.58 per cent) and Energy (0.35 per cent).
The midcap and smallcap indices traded lacklustre.
Major index losers were Tata Steel (2.45 per cent), Bharti Infratel (2.18 per cent), Aurobindo Pharma (2.00 per cent), Bank of Baroda (1.55 per cent) and Ultratech Cement (1.53 per cent).
Gainers included Axis Bank (3.81 per cent), ONGC (1.75 per cent), HDFC Bank (1.10 per cent), M&M (0.80 per cent) and Indiabulls Housing Finance (0.80 per cent).
A total of 903 scrips declined, 782 advanced, while 74 remained unchanged. Total securities that hit their price bands were 112.
Turnover in the cash segment fell to Rs 25,835.64 crore from Rs 27,627.18 crore yesterday.
A total of 13,845.07 lakh shares changed hands in 9,081,111 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,29,50,598 crore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
