Market extends fall on global uncertainty, down 25 pts

Market reeled under caution as global uncertainty continued to hamper investors sentiments leading the benchmark nifty to loss another 25.25 points on the National Stock Exchange (NSE) today.
Yesterday, the political turmoil in Greece coupled with sliding global crude took the toll on world financial market and the Indian stocks with broader NSE dropped by 3 per cent.
The after-effect was seen in today's trading momentum which were bridled by choppiness.
Adding to the volatility were the whopping FII selling-data, though a tinge short-covering in key heavy weights dodged the larger fall.
Metal, Realty, Banking and financials, IT, FMCG and Pharma counters continued to lose the sheen, while Energy and Auto segments witnessed buying interest.

The broader 50-share index hovered between a high of 8,151.20 and dropped to 8,065.45 before ending at 8,102.10, showing a loss of 25.25 points, or 0.31 per cent.

Meanwhile, foreign portfolio investors sold shares worth a net Rs 1,570.76 crore yesterday as per provisional data from stock exchange.
Shares of Hindalco slipped 2.93 per cent, NMDC by 2.93 per cent, BHEL by 2.72 per cent, ICICI Bank 2.70 per cent, GAIL 2.55 per cent, HCL Tech 2.35 per cent, Tata Steel 1.92 per cent, ITC 1.86 per cent and Cairn 1.76 per cent.
While notable gainers were Hindunilvr 3.51 per cent, NTPC 2.41 per cent, Reliance 2.18 per cent, AsianPaints 2.01 per cent and Kotak Bank 1.61 per cent.

Elsewhere, Asian and European stocks traded higher after overnight losses.
Turnover in the cash segment declined to Rs 16,358.08 crore from Rs 17,107.97 yesterday. A total of 8,519.39 lakh shares changed hands in 74,10,065 trades and the market capitalisation stood at Rs 94,30,557 crore.