Mumbai: The benchmark CNX Nifty ended negative on steady sell-off across the counters, losing another 101.35 points, to end below 8,200-level at the National Stock Exchange (NSE).
Bourses turned to bearish ways for the second consecutive session, bogged down by RBI Governor Raghuram Rajan's comment over no further rate cut this year amid economic recovery concerns overshadowed by inflationary pressure due to deficient monsoon and other macro factors.
Stocks fell further after HSBC survey showed contraction in services sector for the first time in 13 months.
The volatile market witnessed immense selling pressure, which led the key indices to sink below 8,100-mark during intra-day to quote at 8,094.15 for a brief period.
Rate sensitive counters continued to get hammered with respective index led by realty, banks, financials, PSU banks, auto, FMCG, metal, energy and pharma counters.
Opening flat, the CNX Nifty slid to 8,094.15 before finishing at 8,135.10, showing a fall of 101.35 points, or 1.23 percent, over its previous close.
Major Nifty losers were Tata Power (5.60 percent), Bosch Ltd (4.53 percent), ITC (4.47 percent), Cairn (4.04 percent), ONGC (3.89 percent), SBI (3.32 percent), ICICI Bank (2.87 percent) and Tata Motors (2.16 percent).
Meanwhile, foreign portfolio investors sold shares worth a net Rs 594.14 crore yesterday, as per provisional data.
Elsewhere, Asian stocks ended mixed tracking lower US markets.
Turnover in the cash segment climbed to Rs 18,912.94 crore from Rs 16,983.48 on Monday. A total of 17,234.82 lakh shares changed hands in 85,78,708 trades and the total market capitalisation of the NSE stood at Rs 95,84,576 crore.
