Mumbai: Market extended its declining trend for the sixth consecutive session on selling in key metal, pharma, financials and infra stocks as the NSE benchmark Nifty ended 15 points lower at 8,050.80.
Market mood took a hit from lower Asian cues due to contraction in China's factory output despite six rate cuts this year, it was further appended by weak domestic fundamentals amid slacking Nikkei India manufacturing PMI which slipped to a 22-month low due to slower increase in orders.
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Lackluster corporate earnings and spurt in FII capital outflows also added to the market woes as the key indices slid below 8,000-level during intra-day.
Selling was also witnessed second-line mid-cap and small-cap company shares.
However, some late buying in FMCG, realty and energy stocks helped the key indices capping the larger fall.
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The 50-shares broader index opened slightly lower at 8,054.55 and hovered in a range of 8,060.70 and 7,995.60 before ending at 8,050.80, showing a loss of 15.00 point or 0.19 percent from its last close.
Elsewhere, Asian shares ended lower after soft Chinese factory surveys stoked global growth concerns, while European stocks were trading higher in early session.
Stockwise, Bajaj Auto fell 4.62 percent after the company reported a 8.59 percent decline in total sales for October, followed by Hindalco 3.69 percent, Tata Steel 3.12 percent, Vedanta 3.00 percent, HDFC 2.85 percent, Sun Pharma 2.72 percent and L&T 1.57 percent and Lupin 1.52 percent.
Notable gainers were TechM 3.13 percent, M&M 2.13 percent, Yes Bank 1.76 percent, Coal India 1.59 percent and Ambuja Cement 1.47 percent.
Turnover in the cash segment dropped to Rs 15,316.51 crore from Rs 19,057.07 crore on Friday. A total of 8,227.32 lakh shares changed hands in 72,83,690 trades and the market capitalisation of NSE stood at Rs 96,51,476 crore.
