Nifty ends below 8,450-mark, down 112 points

The Nifty dropped 112 points to end below the 8,450-mark in volatile trade as the unexpected US presidential poll result coupled with a major government crackdown on India's cash economy triggered selling mainly in realty, IT, FMCG, auto, metal, infra and media counters.
After a weak start, the market staged a recovery in second half of trading after Republican Donald Trump was declared the 45th President of the US.
Short covering in healthcare and PSU banks helped the market cut some losses.
Overseas, most European markets were trading lower, while Asian stocks fell across the board.
The 50-share Nifty opened lower at 8,067.50, and drifted further to 8,002.25 before ending at 8,432, a loss of 111.55 points, or 1.31 per cent, from its last close.

It saw an intra-day movement of about 473.95 points.

On the sectoral front, realty fell by 11.60 per cent, followed by IT (3.25 per cent), auto (2.58 per cent), metal (1.41 percent), FMCG (2.23 percent) and infra (1.21 per cent).
However, PSU Bank surged by 2.10 per cent and Pharma by 1.92 per cent.
Index laggards were Ambuja Cements (5.66 per cent), Maruti (4.87 per cent), TCS (4.96 per cent), Tech Mahindra (4.33 per cent), UltraTech Cement (4.88 per cent), Hero MotoCorp (3.94 per cent), BHEL (3.35 per cent) and Tata Power (3.29 per cent).
The gainers list included Dr Reddy's (5.24 per cent), Sun Pharma (3.99 per cent), SBI (2.91 per cent), PowerGrid (1.81 per cent) and GAIL (1.69 per cent).

A total of 1,401 scrips declined, 243 advanced while 38 remained unchanged. Total securities that hit their price bands were 314.
Turnover in the cash segment climbed to Rs 34,064.90 crore, from Rs 19,450.50 crore as on Tuesday.
A total of 16,960.67 lakh shares changed hands in 1,13,95,682 trades.
The market capitalisation of NSE stood at Rs 107,32,043.27 crore.