Nifty ends lower for 2nd straight day, slips 26 pts

The Nifty saw a climbdown for the second consecutive day and ended below 9,400 today ahead of the derivatives expiry as global uncertainties mounted.
While Moody's credit rating downgrade of China stoked fears about the lingering impact of the global slowdown, the concert attack in the UK kept sentiment cloudy.
Sustained foreign capital outflow and escalation in India-Pakistan border tension cast their shadow too. Foreign portfolio investors sold shares worth a net Rs 400.53 crore yesterday, as per provisional data.
The NSE 50-share gauge came down by 25.60 points, or 0.27 per cent, to 9,360.55 at the close after moving in a range of 9,341.65 and 9,431.90. The Nifty has dropped by 77.70 points, or 0.82 per cent, over the two days.

Other indices like Nifty PSU bank fell 2.27 per cent, metal 2.26 per cent, pharma 2.09 per cent and infra 1.96 per cent.
May futures and options contracts are set to expire tomorrow, which made participants wait and watch.

Stock-wise, major losers were Bank of Baroda 3.43 per cent, L&T 3.23 per cent, Auro Pharma 2.86 per cent and Infratel 2.86 per cent.
However, Tata Motors went up 4,23 per cent, Gail India 2.71 per cent and Adani Ports 2.41 per cent.
A total of 1,355 scrips declined and 339 advanced while 3 remained unchanged. Total securities that hit their price bands were 149.

Turnover in the cash segment fell to Rs 27,370.92 crore, from Rs 28,065.85 crore yesterday.
The market capitalisation of listed firms on the NSE stood at Rs 1,20,67,266 crore.