Nifty drops 64 points on selling pressure, global cues

Logging losses for the fifth straight session, the Nifty today dropped by another 64 points following fag-end selling pressure, closing at its lowest level in almost 13 weeks.
The sell-off, which was set off by lower Asian cues, was mostly across the spectrum as the fall was led by realty, metal, bank and energy stocks.
The 50-share Nifty resumed lower at 7,738.50 and moved in a range of 7,771.25 and 7,685.45 before ending at 7,701.70, a fall by 63.70 points, or 0.82 per cent.
Overseas cues remained negative. Asian and European stocks fell on resurfacing of worries over slowing China growth after a disappointing set of trade data from the world's second-biggest economy. Energy and material sector stocks pushed down US equities yesterday.

On the sectoral front, realty dropped 4.10 per cent, followed by metal, PSU banks, energy and infrastructure.
Mid-cap and small-cap indices were down 1.22 per cent and 2.04 per cent, respectively. Out of the total 1,473 shares, 305 advanced 1,115 declined and 53 remained unchanged.

The ones that lost heavily were Cairn (down 5.78 per cent) followed by Gail, Vedanta, Hindalco and Dr Reddy's.
Tata Motors, Bajaj Auto, TCS and ITC all gained.
Turnover in cash segment fell to Rs 13,656.96 crore from Rs 13,900.27 crore yesterday. A total of 8,999.67 lakh shares changed hands in 66,58,968 trades.
The market capitalisation of NSE stood at Rs 94,63,657 crore.