Nifty declines further for 2nd straight day, down 6 pts

The NSE 50-share Nifty declined further for the second straight day, slipping by another six points to close at 8,074.10 due to profit-booking mainly in Media, Metal, FMCG and Banking sectors in view of sustained foreign capital outflows amidst mixed global trend.
Fresh depreciation of rupee against the dollar is another factor behind fall in share values.
The rupee touched below 68-level after nearly five months to trade at 68.18 during the afternoon trade on the Interbank Foreign Exchange (Forex) market today.
Sustained foreign capital outflows after hints of rate hike in December by US Federal Reserve Chair Janet Yellen affected the market sentiment.

The NSE 50-share Nifty moved down further by 5.85 pts or 0.07 per cent to end at 8,074.10. The benchmark has dropped by 37.50 points or 0.46 per cent in two days.
Other NSE indices like Media fell by 2.15 per cent, Metal 1.39 per cent, FMCG 0.96 per cent and Bank 0.67 per cent while Pharma rose by 1.47 per cent and Realty rose by 1.37 per cent.

Major losers were Zeel 2.69 per cent, Tata Steel 1.95 per cent, Infra Tel 1.94 per cent, Gail India 1.83 per cent and Hindalco 1.75 per cent.
However, NTPC rose by 4.78 per cent followed by Eicher Motor 3.60 per cent, Sun Pharma 2.93 per cent, Ambuja Cement 2.45 per cent and Bharti Airel 2.22 per cent.

In overseas stock markets, Asian stocks witnessed a mixed trend. Key indices in Hong Kong, Japan, Singapore and Taiwan rose by up to 0.89 per cent while China and South Korea fell by 0.30 per cent and 0.49 per cent, respectively.
Turning to the local market, a total of 840 scrips advanced and 759 declined, while 72 remained unchanged.
113 shares hit their prices bands. Turnover in the cash segment fell to Rs 17,640.79 crores from Rs 18,261.94 crores yesterday.
A total of 8,135.10 lakh shares changed hands in 82,91,734 trades. The market capitalisation of NSE listed companies stood at Rs 1,02,58,693 crores.