Nifty extends fall for 3rd day, down 17 pts

The NSE 50-share Nifty extended its fall for the third consecutive session on selling in key heavyweights of IT and energy sectors amid caution setting in ahead of quarterly earnings this week.
Besides, continued geopolitical tensions post US missile attack on Syria further affected the sentiment.
Most European and Asian equities dropped amid caution as increased geopolitical risks prompted investors to favour safe-haven bets such as government debt.
Markets opened on a positive note and moved in a lacklustre manner, the index witnessed consolidation and regained 9,200-level during the intra-day trade at 9,225.65. Later, caution ahead of fourth quarterly results and slew of macro numbers including CPI and IIP numbers this week led the key indices to end with losses.

The NSE 50-share Nifty opened higher at 9,225.60 and moved in a range of 9,225.65 and 9,174.85 before finishing at 9,181.45, registering a loss of 16.85 points, or 0.18 per cent.
The Nifty IT dropped by 1.41 per cent, followed by energy 0.31 per cent and infra 0.04 per cent.

While, media gained 0.89 per cent, metal 0.88 per cent, PSU bank 0.62 per cent, Pvt bank 0.56 per cent, bank 0.42 per cent and auto 0.42 per cent.
Broader market outperformed key indices with shares of midcap rose 0.43 per cent and small-cap 0.76 per cent.
A total of 690 shares ended with losses while 998 finished with gains while 86 ruled steady.

The major Nifty loser is Infy 2.87 per cent, Asian Paint 2.19 per cent, India Bull Housing Finance 2.16 per cent, HCL Tech 1.91 per cent, Reliance 1.80 per cent.
However, BPCL gained by 3.69 per cent, IOC 3.50 per cent, Grasim 3.17 per cent, Yes Bank 2.77 per cent and Infratel 2.70 per cent.
Turnover in the cash segment climbed to Rs 23,570.11 crore from Rs 28,156.27 crore last Friday.
A total of 11,699.50 lakh shares changed hands in 8,682,968 trades. The market capitalisation of listed firms stood at Rs 12,138,432 crore.