Nifty drops by 31 points; energy, realty stocks fall

A total of 6,606.59 lakh shares changed hands in 63,08,043 trades and the total market capitalisation of the NSE stood at Rs 99,32.900 crore.

Mumbai: Market continued to rule easy for the second straight day as Nifty slipped by 31 points to 8,339.35 on persistent selling pressure mainly in energy and realty sectors ahead of the expiry of futures and options contract.

Lower European advices also affected the market sentiment.

The 50-share Nifty resumed slightly higher at 8,377.10 and hovered in a range of 8,378.90 and 8,320.05 before concluding at 8,339.35, showing a loss of 30.90 points or 0.37 percent.

The energy index fell by 0.97 percent, while realty dropped by 0.80 percent.

Major Nifty losers were Ambuja Cement (2.37 pc), Vedanta (2.16 pc), ONGC (2.14 pc), Tata Motors (1.52 pc) and NTPC (1.30 pc).

However, BHEL rose by 3.12 percent, followed by Coal India 1.38 percent, Bank Of Baroda 1.05 percent, Hero MotoCorp 0.99 percent and Bajaj Auto 0.98 percent.

Turnover in the cash segment rose to Rs 14,363.15 crore from Rs 11,976.21 crore yesterday.

A total of 6,606.59 lakh shares changed hands in 63,08,043 trades and the total market capitalisation of the NSE stood at Rs 99,32.900 crore.

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