Nifty stretches losses for third day, down by 10 points

Bourses extended their losses for the third day in a row, as moderation continued to influence sentiment.
Selling in key energy, auto, infra and metal counters dragged the market lower, while further buying in infotech, and value buying in FMCG and pharma supported it to cap losses.
Investor sentiment dampened by weak global markets, lack of definite domestic cues and the Prime Minister's media statements did not cheer the market.
Bourses resumed lower on overnight weak US cues as most Asian markets closed for holidays. Volatility ruled the roost in the morning, as key indexes hit a fresh intra-day fall. It continued hover in negative terrain during the afternoon, but late buying helped trim losses.

The 50-share Nifty hovered between a high of 6,221.70 points and a low of 6,171.25 points before ending at 6,211.15 points, showing a loss of 10.00 points, or 0.16 percent.
Major losers were Tata Power, M&M, BPCL, Tata Motors, BHEL, NTPC, L&T, ONGC, Hindalco and NMDC, while Ranbaxy, Lupin, TCS, Infy, Maruti, DLF, PNB, HDFC Bank, Sun Pharma and IDFC ended with ample gains.
Turnover in the cash segment declined to Rs 10,901.05 crore from Rs 12,129.45 crore yesterday. A total of 6,424.54 lakh shares changed hands in 58,74,195 trades, while market capitalisation stood at Rs 67,96,747 crore.