Nifty holds 9,300-level, falls 38 pts

The benchmark Nifty today fell by 38.10 points but managed to hold the psychological 9,300-level on a day marked by profit-booking in index heavyweights.
Opening flat mirroring weak trend on Asian bourses, the Nifty fell nearly 60 points at 9,282.25 during afternoon but made some recovery late on.
The NSE 50-share index opened at 9,340.95 and hovered in the range of 9,342.65 and 9,282.25 before settling at 9,304.05, showing a loss of 38.10 points, or 0.41 per cent.
Most Asian market ended lower as geopolitical concerns continued to loom over the markets. While, European shares were trading narrowly mixed with investors staying cautious ahead of a round of key data, including eurozone inflation figures.

Nifty Realty dropped 1.80 per cent, followed by FMCG 1.63 per cent, IT 0.69 per cent, Infra 0.30 per cent, Media 0.26 per cent, and Energy 0.22 per cent.
While, PSU banks surged 3.44 per cent, metal 1.52 per cent and auto 0.81 per cent.

The broader mid-cap and small-cap gained 0.44 per cent and 0.54 per cent, respectively.
Major index losers were ITC, Infratel, HDFC, TechM and Ambuja Cement.
The gainers included ONGC, Bank of Baroda, SBIN, Maruti and Hndalco.