The CNX 50-share Nifty continued to decline for the fourth consecutive day, slipped by another 59 points to close at 8,111.75 on sustained selling pressure mainly by banks, infra, pharma and IT counters amidst expiry of futures and options Oct contract coupled with possibility of interest rate hike in December by US Federal Reserve.
The CNX 50-share Nifty dropped by 59.45 points or 0.73 per cent to close at 8,111.75. It has also dropped by 183.70 points or 2.21 per cent in four days.
Weakness in global stocks weighed on sentiment on the domestic bourses. Asian stocks ended lower after the US Federal Reserve signalled after the conclusion of a regular two-day monetary policy review yesterday that it may increase its policy rates at the next meeting in December 2
Stock-wise notable losers were, Bhel by 4.31 percent Bpcl 3.33 per cent, Axis Bank 2.89 per cent, Coal India 2.54 per cent and Sunpharma 2.51 per cent.
Among the gainers were, Dr Reddy was up by 2.62 per cent, Yes Bank 2.19 per cent, Vedl 1.95 per cent, Tata Motors 1.27 per cent and Ultra Cement 0.79 per cent.
About 612 shares advanced, 873 shares declined, and 81 shares were unchanged.
Turnover in the cash segment rose to Rs 21,595.55 crs from Rs 18,682.88 crore yesterday. A total of 10,378.89 lakh shares changed hands in 82,54,293 trades and the market capitalisation of NSE stood at Rs 96,98,793 crs.
