Nifty trips below 11,550, down 25 points

Snapping a four-session winning streak, NSE benchmark Nifty dropped 25 points to end at 11,557.10 today on profit-booking in banking, auto, FMCG, IT and realty stocks amid mixed overseas cues.

Metal, energy and media counters witnessed buying.

The Indian rupee along with other Asian currencies weakened against the US dollar.

Meanwhile, FIIs purchased shares worth Rs 433.21 crore on a net basis yesterday while DIIs bought shares worth Rs 142 crore.

Asian stocks ended mixed on little sign of progress in US-China trade negotiations. European stocks edged higher.

The Nifty 50 index fell 25.65 points or 0.22 percent to end at 11,557.10. It saw an intra-day movement of about 72.60 points.

On the sectoral front, the private bank fell by 0.74 percent followed by PSU bank 0.73 percent, bank 0.69 percent, FMCG 0.66 percent, auto 0.52 percent, IT 0.40 percent, finance service 0.29 percent, infra 0.20 percent, realty 0.18 percent and pharma 0.16 percent.

However, metal rose by 1.88 percent, energy 0.48 percent and media 0.16 percent.

Major index gainers were Vedanta, ONGC, Grasim, Axis Bank, Zee, Bajaj Finance, Eicher Motors, IOC, and Hindalco.

Losers were Yes Bank, Titan, Adani Ports, Hero MotoCo, ICICI Bank, Sun Pharma, Infosys, Tech Mahindra, GAIL and IndusInd Bank.

The market breadth, indicating its overall health, remained in favor of losers. On the NSE, 717 stocks advanced, 1,091 declined and 94 remained unchanged. Total securities that have hit their price bands were 232.

Turnover in the cash segment fell to Rs 33,765.97 crore from Rs 37,665.04 crore as on Thursday.

A total of 14,852.09 lakh shares changed hands in 1,10,74,358 trades. The market capitalization of listed firms on NSE stood at Rs 1,54,98,405.75 crore.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)