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Market falls in special session, Nifty down 7.20 pts

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The National Stock Exchange (NSE) concluded the on subdued note as investors resorted to profit booking in frontline shares, ending the benchmark CNX-lower by 7.20 points.

The 50-share Nifty moved in a narrow range of 4,759.40 and 4,743.05 before ending at 4,746.90, a modest fall of 7.20 points, or 0.15 per cent, over its previous close.

The special one and half hour session was conducted for the purpose of upgrading the future and options trading system.

The market opened with a modest start and moved in a tight range in the absence of any major retail participation as investors refrained from taking positions, though stock specific action was seen in Saturday's trade.

Banking, and auto counters witnessed profit-taking, while some buying was seen in technology, infra, realty and pharma shares.

PSU shares maintained the rallying trend on disinvestment news. Also a spike was seen in retail related shares on government's FDI decision. JP Associates, Kotak Bank, ICICI Bank, Ambuja Cement, HDFC Bank, HCL Technology, Hindalco, Cipla, Reliance Infra and Bajaj Auto were the top losers from the Nifty. However, DLF, Maruti, GAIL, Ranbaxy, Rcom, BHEL, Grasim, Coal India, Sesa Goa and ONGC ended with gains.

Turnover in cash segment was substantially lower at Rs 1,094.91 crore. A total of 90.46 million shares changed hands in 8,54,429 trades. The market capitalisation stood at Rs 54,06,964 crore.

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