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| Edited By: |Source: PTI |Updated: Mar 18, 2018, 03:09 AM IST
Amid choppy trade, shares erased early gains as traders and investors resorted to profit taking in heavyweights dragging the benchmark CNX Nifty to close marginally lower at the National Stock Exchange (NSE) here today.
The 50-share index shuttled between a high of 5,509.30 and low of 5,458.60 before settling at 5,473.10, a loss of three points or 0.05%, over its last close.
Trading commenced on a positive note carrying over weekend gains amidst firm Asian support and the key index touching the psychologically crucial 5,500 mark in early trade.
The market encountered heavy resistance at higher levels, with traders resorting to profit-booking in auto, oil & gas, FMCG, metal and select banking counters and slipped into red.
Heavy buying in pharma counters and select financials helped the bourses to cap the losses.
M&M, Hindalco, ONGC, Cairn, Ambuja Cement, SAIL, Kotak Bank, Jindal Steel, Tata Steel and Tata Motors were the top losers from Nifty.
While, Sun Pharma, Ranbaxy, Cipla, DLF, Reliance Capital, RCom, Axis Bank, GAIL, HDFC and Power Grid registered good gains.
Total turnover in cash segment dropped to Rs9,643.41 crore from Rs11,793.71 crore yesterday. A total of4,814.23 lakh shares changed hands in 52,64,402 trades. The market capitalisation was Rs64,63,920 crore.
