Nifty settles above 9,600-level, down 52 points

The NSE Nifty started the week on a sluggish note, down 52 points at 9,616.40 following across- the-board selling pressure led by banking, infra, auto and energy stocks amid weakening global cues.
Investors exercised caution ahead of release of key domestic economic data on inflation and industrial production today, and political and economic events this week in the United States and Europe.
Overseas, European and most Asian stocks dropped as investors assessed the risks from political turmoil in the UK.
The NSE 50-share Nifty index opened lower at 9,646.70 and hovered between 9,647.05 and 9,598.50 before finishing at 9,616.40, down 51.85 points, or 0.54 per cent.

It saw an intra-day movement of 48.55 points.
Sector-wise, PSU bank fell 1.96 per cent followed by private bank 1 per cent, bank 0.93 per cent, infra 0.95 per cent, auto 0.76 per cent, financial service 0.58 per cent, media 0.53 per cent, energy 0.47 per cent and metal 0.36 per cent.

However, IT and pharma rose by 0.27 per cent and 0.80 per cent, respectively.
The broader markets slipped, with the mid-cap and small-cap indices declined by 0.64 per cent and 0.81 per cent, respectively.
Major index gainers were TechM (2.71 per cent), followed by Infosys 1.61 per cent, Tata Power 1.41 per cent, Sun Pharma 1.50 per cent and IOC 0.86 per cent.

However, Bank Of Baroda declined 3.28 percent followed by Tata Motors Ltd Dvr 2.65 per cent, Larsen 2.34 per cent, Tata Motors 2.32 per cent, ICICI 1.99 per cent and Zeel 1.74 per cent.
A total of 1,111 scrips declined, 572 advanced, while 69 remained unchanged. The total securities that hit their price bands were 118.
Turnover in the cash segment fell to Rs 22,225.52 crore from Rs 22,334.46 crore last Friday.
A total of 9,726.08 lakh shares changed hands in 76,76,640 trades.
The market capitalisation of listed firms on the NSE stood at Rs 1,25,14,842.19 crore.