Nifty extends losses, sheds 41 points

Bourses fell for the second consecutive day today as wary investors resorted to profit booking at the fag end of the trade, pulling CNX Nifty down by 41 points.
Market mostly rode in tight-range on bearish global sentiment amid speculation that US may soon dilute its monetary stimulus over signs of its economic recovery coupled with domestic state assembly election results to be due on Sunday held the investors to remain cautious.
Profit-booking was seen in FMCG, Bank, energy, infra Auto and pharma counters.
The 50-scrip benchmark Nifty traded between a high of 6,209.15 points and a low of 6,149.90 points, before closing at 6,160.95 points, showing a loss of 40.90 points, or 0.66 per cent, over the last close.

The market resumed lower on weak Asian stocks and continued to trade in negative during morning session, though it spurted to positive zone for a brief period during afternoon, but again a bout of volatility led the key index to end red.
The losers were Hindalco, ITC, IDFC, Ranbaxy, DLF, ONGC, Maruti, Hindunilever, Tata Motors and Kotak Bank.
Turnover in the cash segment climbed to Rs 10,707.31 crore from Rs 10,162.41 crore previously. A total of 7,970.07 lakh shares changed hands in 61,00,254 trades, while market capitalisation stood at Rs 66,44,680 crore.