Nifty snaps 2-day gains, slips 9 pts

Benchmark Nifty today snapped its 2- day gains with a marginal fall of 8.75 points after emergence of profit-booking in IT, financials, FMCG and banking stocks amid weak global cues.
However, gains in energy, realty, pharma and media sectors provided support to indices and finally settled flat with minor losses.
Overseas, European bourses declined as investors remained cautious awaiting fresh economic data, developments at G-20 meeting in Hamburg. Asian stocks declined after negative close for US stocks overnight amid a caution.
The NSE 50-share Nifty index opened lower at 9,670.35 and moved in a range of 9,684.25 and 9,642.65 before ending at 9,665.80, eased by 8.75 points, or 0.09 per cent.

It saw an intra-day movement of about 41.60 points.
Sector-wise, IT fell by 0.60 per cent, followed by financials (0.42 per cent), FMCG (0.42 per cent), PSU banks (0.31 per cent), metal (0.21 per cent) and private bank (0.16 per cent).

While, realty rose (1.77 per cent), energy (1.44 per cent), pharma (1.31 per cent) and media (0.51 per cent).
The broader markets rose further, the Nifty mid-cap and small-cap indices gained by 0.13 per cent and 0.52 per cent, respectively.
Major index gainers were Reliance 3.37 per cent, Lupin 3.33 per cent, AuroPharma 2.00 per cent, Dr Reddy 1.41 per cent Zeel 1.26 per cent and TechM 1.01 per cent.

However, InfraTel fell 2.50 per cent, Vedanta 1.74 per cent, Indiabulls Housing Fin 1.64 per cent, AsianPaint 1.48 per cent, ICICI bank 1.38 per cent and HeroMoto 1.30 per cent.
A total of 857 scrips advanced, 827 declined, while 75 remained unchanged. Total securities that hit their price bands were 112.
Turnover in the cash segment fell to Rs 24,160.98 crore from Rs 24,730.71 crore yesterday.
A total of 14,985.90 lakh shares changed hands. The market capitalisation of listed firms stood at Rs 12,655,871.94 crore.