Nifty down over 16 pts on profit-booking

The benchmark Nifty started the week on a negative note, continuing its downtrend for the fourth consecutive session, down by over 16 points towards the fag end falling back of profit booking on index based stocks.
As expected Nifty respected to resistance of 7825 levels and later moved down despite positive global equity market.
On the global front, Asian stocks came off day's high to close mixed today, as investors eye a host of economic data due this week. European equities were trading higher with CAC and DAX up over 1.7 percent after a solid US jobs report that put the Federal Reserve on course to increase interest rates.

The 50-share Nifty resumed higher at 7,816.55 and hovered in a range of 7,825.40 and 7,746.05 before closing at 7,765.40, showing a fall by 16.50 points or 0.21 per cent from its last close.
On sectoral front, Banking, IT, Pharma and Realty settled higher while, the FMCG ITC which was down to nearly 7 per cent contributed to fall in Nifty.
Mid-cap fell by 0.06 per cent, while Small-cap rose by 0.34 per cent. FMCG dropped by 2.76 pct.

Major lossers were, ITC by 6.67 pct, Cairn by 2.51 pct, Coal India 2.30, ONGC by 1.45 pct and Reliance by 1.39 pct.

However, gainers were Asian Paints by 4.40 pct, followed by Sun Pharma, Hind Unilever, Tech Chem and Lupin.
Turnover in cash segment fell to Rs 13,900.27 crore from Rs 16,883.23 crore last Friday. A total of 8,667.60 lakh shares changed hands in 62,93,641 trades.
The market capitalisation of NSE stood at Rs 95,68,401 crore.