Nifty slips 24 points in range-bound trade, PSU's slide

The market slipped 24 points dragged by profit-booking in PSU Banks, Pharma, FMCG, Infra and Metal counters to end at 8,564.60 at the National Stock Exchange (NSE).
The market traded in tight range till afternoon, as investors opted for wait and watch policy ahead of key US non- farm pay roll numbers later today, though the index broke the range-bound momentum to the downside reacting weak earning results in key PSUs, while good buying in Energy and Auto counters limited the larger fall.
State owned power major BHEL tanked 5.77 per cent after company's Q1 earning result sharply tumbled 82.50 per cent at 33.9 crore followed by Coal India lossing 3.87 per cent.

However, the losses were capped by rally in stocks of Energy giant ONGC which surged 4.39 per cent and Tata Motors which gained 2.69 per cent despite company's Q1 net profit slumped 34.6 per cent at Rs 257.60 crore.
Elsewhere, most Asian stocks ended mostly higher, while European markets trading lower ahead of the US jobs report.
The broader 50-share Nifty opened slightly lower at 8,580.80 and traded between 8,595.95 and 8,552.70 before closing at 8,564.60, showing a loss of 24.05 points or 0.28 per cent.

Other major gainers were SBIN (2.68 per cent), Bank of Baroda (2.32 per cent), Asian Paint (1.90 per cent) and TCS (0.83 per cent).

While, other notable gainers were VEDL (2.13 per cent), BPCL (1.80 per cent) and Grasim (1.51 per cent).
Turnover in the cash segment fell to Rs 17,508.76 crore compared with Rs 18,153.61 crore yesterday.
A total of 9,600.51 lakh shares changed hands in 81,91,923 trades and the total market capitalisation of NSE stood at Rs 1,02,92,340 crore.