ALSO READIndian shares down; Nifty set for longest losing streak in 1-1/2 years IOC, Indiabulls Housing shares gain after inclusion in Nifty Shares flat after Nifty hits record high; RBI decision awaited Nifty climbs 82 points, ends above 8,200-level Gail shares jump over 5% as board to consider bonus issue
The US markets slumped to six-month lows yesterday reacting to uncertainty on Trump Presidency following allegation of interference with the federal investigation.
Nifty resumed lower amid weak global cues and fell further to end below 9,500 level after three consecutive days of gains.
It hovered between 9,489.10 and 9,418.10 before closing 9,429.45, showing a fall of 96.30 points, or 1.01 per cent. Nifty had gained 124.85 points or 1.32 per cent in the previous three sessions.
European markets were also trading lower in their afternoon trade.
Sector-wise, Nifty Realty slumped by 3.27 per cent, followed by Metal 2.76 per cent, Commodities 2.20 per cent, Auto 2.19 per cent, PSU Bank 2.10 per cent, Infra 1.83 per cent, Consumption 1.75 per cent, Media 1.66 per cent, Energy 1.56 per cent, CPSE 1.25 per cent, Pvt Bank 1.07 per cent, IT 1.04 per cent, Bank 1.03 per cent, Fin Service 0.91 per cent and Pharma 0.61 per cent.
The broader midcap and smallcap shares underperformed the key indices sliding 2.27 percent and 2.35 percent respectively.
Major index losers were Bosch Ltd 3.83 per cent, Yes Bank 3.68 per cent, Grasim 3.46 per cent, Ultracem 2.91 per cent and Infratel 2.82 per cent.
However, notable gainers were TCS up by 3.29 per cent, Wipro 2.91 per cent, Infy 0.94 per cent, Lupin 0.51 per cent and SunPharma 0.47 per cent.
Meanwhile, FIIs sold shares worth net Rs 731.39 crore yesterday, as per provisional figures issued by the stock exchanges.
A total of 1,376 scrips declined, 317 advanced, while 63 remained unchanged. Total securities that hit their price bands were 115.
Turnover in the cash segment surged to Rs 28,180.87 crore, from Rs 25,764.05 crore yesterday.
A total of 14,008.53 lakh shares changed hands in 8,865,727 trades. The market capitalisation of listed firms stood at Rs 12,408,918 crore.