Nifty drops by 31 pts; energy, realty stocks fall

Market continued to rule easy for the second straight day as Nifty slipped by 31 points to 8,339.35 on persistent selling pressure mainly in energy and realty sectors ahead of the expiry of futures and options contract.
Lower European advices also affected the market sentiment.
The 50-share Nifty resumed slightly higher at 8,377.10 and hovered in a range of 8,378.90 and 8,320.05 before concluding at 8,339.35, showing a loss of 30.90 points or 0.37 per cent.
The energy index fell by 0.97 per cent, while realty dropped by 0.80 per cent.
Major Nifty losers were Ambuja Cement (2.37 pc), Vedanta (2.16 pc), ONGC (2.14 pc), Tata Motors (1.52 pc) and NTPC (1.30 pc).

However, BHEL rose by 3.12 per cent, followed by Coal India 1.38 per cent, Bank Of Baroda 1.05 per cent, Hero MotoCorp 0.99 per cent and Bajaj Auto 0.98 per cent.
Turnover in the cash segment rose to Rs 14,363.15 crore from Rs 11,976.21 crore yesterday.
A total of 6,606.59 lakh shares changed hands in 63,08,043 trades and the total market capitalisation of the NSE stood at Rs 99,32.900 crore.