Bourses witnessed selling as cautiousness loomed over investor sentiment ahead of monthly expiry on Thursday coupled with subdued global cues and absence of any major trigger led the CNX Nifty to decline 56 points.
The market profit-booking trimmed chunk of its overnight rally spurred by historic nuclear deal between world powers and Iran.
The 50-scrip Nifty opened lower at 6,099.25 and traded between a high of 6,112.70 and low of 6,047.75 before ending at 6,059.10, showing a decline of 56.25 points, or 0.92 per cent, over the last close.
The market resumed lower amid weak Asian cues, though trimmed some of its losses early trade. But choppiness overlapped the sentiment as bourses hit fresh intra-day low.
Intra-day trade with gains and losses short lived as the index weakened again on bouts of selling during afternoon.
Investors wariness prevailed during the end session as the Nifty extended its losses at the close.
Losses were led by Bankex, energy, FMCG, pharma and PSU sectors.
The major losers were, Lupin, BHEL, SSLT, Hindalco, Heromotocorp, Tatamotors, HCL tech, Kotak Bank, DLF and Larsen.
The turnover in cash segment climbed to Rs 15,506.11 crore from Rs 9,800.56 crore previously. A total of 7,507.16 lakh shares changed hands in 60,82,546 trades, while market capitalisation stood at Rs 65,26,634 crore.
