Nifty snaps 2-day rise, ends 25 pts lower

Benchmark Nifty snapped its two-day rising streak today, slipping by 25 points to end at 7,713.05 on fresh selling in IT, energy and auto sectors on the back of lower global cues in spite of foreign capital inflows.
However, buying in banking and FMCG sectors restricted the fall.
Overseas, Asian markets tumbled as investors began the new quarter on a cautious mood, with Japanese equities leading losses amid a slump in corporate sentiment. Metals rose after a gauge of Chinese manufacturing expanded for the first time since July.
Meanwhile, Foreign funds (FPP and FIIs) continued their buying spree as they bought shares worth Rs 4,056.62 crore yesterday per the provisional data of stock exchanges.

The NSE 50-share index resumed lower at 7,718.05 and hovered in a range of 7,740.15 and 7,666.10 before concluding 7,713.05, showing a loss of 25.35 points or 0.33 per cent.
Major losers were Bharti Airtel (4.38 per cent), Bosch (4.31 per cent), Idea (2.81 per cent), TCS (2.63 per cent) and Tata Chemicals (2.49 per cent).

However, Bank of Baroda rose by 3.95 per cent, followed by ITC (2.38 per cent), ACC (2.31 per cent), BHEL (2.28 per cent) and L&T (1.74 per cent).
A total of 1,086 shares firmed up, while 468 declined and 43 ruled steady.
Turnover in cash segment dropped to Rs 15,606.61 crore from Rs 27,418.51 crore yesterday.

A total of 9,616.49 lakh shares changed hands in 72,02,641 trades. The market capitalisation of NSE stood at Rs 92,96,734 crore.