The market extended losses for the second consecutive day as profit-booking in key banking, auto and FMCG stocks hovered over the broader indices leading the benchmark Nifty to end down by 9.10 points on the National Stock Exchange (NSE).
The market succumbed to selling pressure and volatility after positive opening loomed by weak global cues and profit-booking in recently grossed shares, though massive FII inflows and positive macro perceivings underpinned the trading sentiment.
Stock of IT, metal, energy, infra, realty and shares of mid-cap and small-cap companies attracted buying interest.
The 50-share Nifty moved between a high of 8,122.70 and 8,049.85 before closing at 8,086.85 showing a loss of 9.10 points, or 0.11 per cent, over its last record close.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a whopping Rs 1,697.74 crore yesterday, as per the provisional data.
Globally, the Asian stocks traded weak as investors awaited US non-farm payroll data later today. European stocks also traded lower in early trade as the 18-nation Eurozone economic data showed zero growth in the second quarter.
Shares of McDowell remained under pressure losing 4.57 per cent, while HDFC slid 2.33 per cent, Coal India by 2.31 per cent, HeromotoCorp by 2.22 per cent and BHEL by 1.87 per cent.
However, notable gainers were state-owned mining giant NMDC rallied 5.27 per cent and realty major DLF by 4.75. While Jindal Steel gained 2.38 per cent, Asian Paint by 2.32 per cent and Kotak Bank 1.86 per cent.
Among the Nifty 50 stocks, about 674 shares declined, 887 shares advanced while 56 shares remained unchanged.
Turnover in the cash segment moved up to Rs 17,599.47 crore from Rs 17,161.30 crore yesterday. A total of 11,554.09 lakh shares changed hands in 75,67,038 trades, while market capitalisation stood at Rs 92,95,465 crore.
