Nifty ends below 10,250, drops 82 points

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Press Trust of India Mumbai
Last Updated : Dec 12 2017 | 6:40 PM IST
The NSE benchmark Nifty snapped its three-day winning streak, fell by 82 points following across- the-board selling pressure during fag-end of the trade mainly in realty, FMCG, banking, infra, financial services and metal sectors.
Weakness in Asian stocks, surging global crude oil prices amidst lingering non-performing assets (NPA) concerns, looming over India's banking sector also weighed on investor sentiments.
Overseas, European stocks edged slightly higher as investors look ahead to Fed, ECB meetings.
Asian stocks declined as investors turned cautious after several days of advances, erasing early gains.
It saw an intra-day movement of about 95.90 points.
The NSE Nifty opened lower at 10,324.90 and moved in a range of 10,326.10 and 10,230.20, before ending at 10,240.15, down by 82.10 points, or 0.80 per cent, from its last close.
On the sectoral front, realty fell by 1.56 per cent, followed by FMCG 1.33 per cent, private bank 1.22 per cent, infra 1.21 per cent, financial service 0.92 per cent, auto 0.82 per cent, metal 0.83 per cent, pharma 0.73 per cent, media 0.58 per cent, energy 0.55 per cent and IT 0.46 per cent.
Major index gainers were Dr Reddy, Adani Ports, ONGC, GAIL, Lupin, Infosys, Vedanta, HDFC, Zeel and Reliance.
Among the losers were: Hind Petro, Infra Tel, BPCL, Coal India, IOC, Eicher Motors, UPL, Hero MotoCo and Cipla.
The market breadth, indicating the overall health of the market, was in favour of lossers. On the NSE, 558 stocks advanced, 1,206 declined and 64 remained unchanged.
Total securities that hit their price bands were 156.
Turnover in the cash segment rose to Rs 26,991.28 crore from Rs 25,217.76 crore as on Monday.
A total of 12,624.21 lakh shares changed hands in 10,058,604 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,43,91,673.33 crore.

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First Published: Dec 12 2017 | 6:40 PM IST

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