Nifty holds 8,500-level, slips 11 points on late selling

Snapping two-session gaining trend, the Nifty slipped marginally by 11.35 points on bouts of profit-booking in energy, IT, auto and banking counters though it managed to hold the important 8,500-level.
After a firm opening of gaining over 40 points to 8,561.35 amid positive vibes over country's macro factors, the index soon turned range-bound till late afternoon as traders resorted profit-booking amid caution over forthcoming corporate earnings as well as Greek turmoil uncertainties.
Buying in realty, PSU Banks, finances, FMCG, metal and broader mid-cap and small-cap companies shares helped to cap the fall.
The 50-share barometer opened higher at 8,525.50 and moved between a high of 8,561.35 and a low of 8,483.85 before closing at 8,510.80, showing a loss of 11.35 points, or 0.13 per cent.

Elsewhere, Asian market ended mixed ahead of emergency Eurozone summit to discuss the Greek debt crisis, while european stocks were trading lower.
Stock-wise, major losers were HCL Tech (3.47 per cent), VEDL (2.97 per cent), NTPC (2.57 per cent), HeroMotoCorp (1.90 per cent) and Hindalco (1.74 per cent).

Notable gainers included Asian Paints (5.24 per cent), Coal India (2.18 per cent), Ultratech Cement (1.91 per cent), HDFC (1.50 per cent) and Tech Mahindra (1.47 per cent).
Turnover in the cash segment jumped to Rs 17,614.19 crore as against Rs 14,586.81 crore yesterday.
A total of 9,536.38 lakh shares changed hands in 78,10,819 trades and the total market capitalisation of the NSE stood at Rs 10,086,649 crore.