Nifty slips in range-bound trade, down 16 points

Bourses witnessed mostly range-bound activity as profit-booking in select counters led the CNX Nifty to move down by 16 points to 6,201.85.
Investors were cautious despite positive cues yesterday from RBI on current account deficit (CAD) which narrowed down USD 5.2 billion, was hindered by weak global market due to speculation over US Federal Reserve downsizing of monetary policy amid strong economic data.
Selling was mainly seen in FMCG, Bank, Auto, Pharma and infra sectors.
The 50-scrip benchmark Nifty hovered between a high of 6,225.40 points and a low of 6,191.40 points, before closing at 6,201.85 points, showing a loss of 16 points, or 0.26 per cent, over the last close.

The market resumed lower amid volatility, it mostly traded range-bound with index hitting fresh intra-day high in mid morning and losing ground, also late morning saw some positiveness but soon reversing its gains.
The afternoon session overlapped by negative sentiment as investors profit-booking led the index conclude in red.

The losers were Indusind Bank, Kotak Bank, Dr Reddy, HCL Teck, Laresen, NTPC, M&M, Coal India, SSLT and HeroMotoCorp.
Gainers were GAIL, BHEL, DLF, Jindal Steel, NMDC, Hindalco, Ranbaxy, IDFC and Reliance.
Turnover in the cash segment rose to Rs 10,162.41 crore from Rs 9,727.05 crore previously. A total of 6,042.24 lakh shares changed hands in 56,17,082 trades, while market capitalisation stood at Rs 66,80,453 crore.