Nifty drops 106 points to end below 8,100-level

The NSE Nifty fell for the second straight session today dropping 101 points to end below the key 8,100-level due to across-the-board selling triggered by a slew of domestic factors and global uncertainty.
Sustained FII outflows in the midst subdued global cues ruled the negative stock momentum as investors opted selling mode following caution ahead of key US jobs report later today and Italian referendum over its constitution on Sunday.
Sentiments also muted on Reserve Bank of India's policy review next week.
Selling was led by Realty, FMCG, Auto, Metal, Banks, PSU, Pvt banks and Financials, Infra, Consumption, Energy, Services Sector, Pharma and Commodities.

Auto stocks fell on sharp decline in monthly sales amid consumer cash crunch, banks dropped on caution ahead of RBI's policy decision next week, energy stocks declined tracking sharp rally in global crude oil, while telecom segment languished as Reliance Industries extended offer of free data raising concerns of rising competition.
The 50-share Nifty resumed lower at 8,153.55 and hovered between 8,159.30 and 8,070.05 before ending at 8,086.80, a loss of 106.10 points, or 1.30 per cent, from its previous close.

Overseas, Asian shares fell on global uncertainties as investors adopted a wait-and-see mode as the US Labor Department will release its closely watched monthly employment report for November later today.

European indices were trading lower in their afternoon trade political uncertainty in Italy intensified.
Stockwise, major losers were Asian Paint (3.65 per cent), Maruti (3.50 per cent), Tata Motors (3.41 per cent), Adani Ports (3.34 per cent), BPCL (3.30 per cent), Bajaj Finance (3.03 per cent), Kotak Bank (2.87 per cent) and Indusind Bank 2.24 (per cent).
A total of 1,262 scrips declined, 351 advanced while 66 remained unchanged. Total securities that hit their price bands were 99.
Turnover in the cash segment declined to Rs 16,805.41 crore, from Rs 17,353.97 crore as on yesterday.
A total of 8,337.41 lakh shares changed hands in 7,769,790 trades. The market capitalisation of NSE stood at Rs 10,420,337 crore.