Nifty continues to decline for 4th day, eases 1.75 pts

Market benchmark Nifty continued to decline for the fourth trading day, slipping by another 1.75 points to close at 8,108.85 due to persistent selling pressure following rise in inflation amid weak global cues.
Rising for the second month in a row, retail inflation shot up to 5.76 per cent in May due to rise in prices of food items, including vegetables.
The rise may make it difficult for the RBI to lower interest rates.
Global equity markets declined ahead of the outcome of US Federal Reserve's policy meeting tomorrow.
NSE's 50-share index opened higher at 8,134.40 and hovered in a range of 8,134.95 and 8,069.50 before finishing at 8,108.85, losing 1.75 points or 0.02 per cent.

Nifty has dropped by 164.20 points or 1.98 per cent in four trading days.

Shares of energy and media sectors declined on selling pressure while bank and realty counters firmed up on good buying enquiries.
A total of 974 shares ended higher, 589 declined and 67 ruled steady.
Major gainers were Cipla (2.99 per cent), Adani Ports (2.96 per cent), SBI (2.92 per cent), Bank Of Baroda (1.85 per cent) and Eicher Motors (1.66 per cent).
However, UltraTech Cement fell by 2.24 per cent, followed by Zee Entertainment (1.77 per cent), BPCL (1.73 per cent), Ambuja Cement (1.45 per cent) and Hero MotoCorp (1.01 per cent).

Turnover in cash segment fell to Rs 14,506.67 crore from Rs 15,058.18 crore yesterday. A total of 12,462.42 lakh shares changed hands in 68,72,829 trades.
The market capitalisation of NSE stood at Rs 97,96,078 crore.