Nifty ends marginally lower in choppy trade, down 10 points

Equities slipped for the second day today, failing to hold its initial positive momentum tracking steep fall in Chinese stocks as selling in Banks and Pharma counters led the benchmark Nifty to loss 9.95 points to conclude at 8,251.70 at the National Stock Exchange NSE).
Earlier the market resumed on a higher note amid range-bound momentum supported by the positive Asian trend, with buying in fundamentally strong stocks as well as recently hammered Metal counters, But during afternoon it turned choppy as news of steep fall in Chinese markets, also caution ahead of earning results of key bluchips pressured the momentum with key index finally closing slightly red.

The 50-shares broader index opened flat at 8,258.35 and traded between a high of 8,294.40 and 8,217.15 before ending at 8,251.70, showing a marginal loss of 9.95 point or 0.12 per cent.
Elsewhere, Asian stocks ended mixed, while Chinese equities fell from eight-week high as investors weighed whether an equity rebound had gone too far, while European market were trading higher.
Stockwise, the major losers were Dr Reddy (3.38 per cent), Asian Paint (2.19 per cent), GAIL (1.98 per cent), SBI (1.98 per cent), BHEL (1.93 per cent), L&T (1.47 per cent) and ICICI Bank (1.22 per cent).
Notable gainers were VEDL (3.80 per cent), followed by Bajaj-Auto (3.28 per cent), BhartiArtl (2.67 per cent), NTPC (1.56 per cent) and Tata Steel (1.50 per cent).

Turnover in the cash segment dropped to Rs 15,748.61 crore from Rs 17,881.18 crore yesterday. A total of 9,622.90 lakh shares changed hands in 68,40,089 trades and the market capitalisation of NSE stood at Rs 98,54,042 crore.