Nifty dips 51 points ends below 8,450 mark, global cues

The Nifty dipped by another 51 points extended losses to end below 8,450 mark following persistent selling seen in Pharma, Metal, Realty, Infra, PSU Bank and Energy sectors amid mounting anxiety over the outcome of the US presidential elections which rattled markets globally. Selling by foreign investors ahead of US election and policy meeting also added fuel to the fire.
However, FMCG and IT segments witnessed some buying interest at lower levels.
Overseas, European stocks were trading lower following declines overnight on Wall Street as the closeness of the US elections continues to rattle nerves in the market.
Most Asian stocks declined as investors were spooked by growing uncertainty about the outcome of the US Presidential election next week.

The 50-share Nifty opened higher at 8,503.60, moved in a range of 8,504.00 and 8,400.25 before settling at 8,433.75, a fall of 51.20 points, or 0.60 per cent, from its last close.
It saw an intra-day movement of about 103.75 points.

On the sectoral front, Pharma fell (4.66 per cent) followed by Realty (3.82 per cent), Metals (3.31 per cent), Infra (1.41 per cent), PSU Bank (1.49 percent), Energy (0.96 percent), Finance Service (0.89 pct) and Auto (0.78 per cent).
However, FMCG and IT rose by 1.87 and 1.17 per cent, respectively.
The index laggards were Sun Pharma (7.41 per cent), Dr Reddy (5.60 per cent), InfraTel (4.42 per cent), Aurobindo Pharma (5.36 per cent), Coal India (3.39 per cent), HeroMotoco (2.93 per cent), Lupin (2.95 per cent).

The gainer list included HCL Tech (4.15 per cent), ITC (3.64 percent), TataMtrDvr (1.15 per cent), Wipro (1.09 per cent) and HUL (1.02 per cent).
A total of 1,436 scrips declined, 223 advanced while 40 remained unchanged. Total securities that hit their price bands were 139.
Turnover in the cash segment rose to Rs 23,946.66 crore, from Rs 19,600.49 crore as on Thursday.
A total of 11,004.38 lakh shares changed hands in 92,02,071 trades. The market capitalisation of NSE stood at Rs 1,07,77,140.28 crore.