Nifty settles at 11,287.50, down 150.60 points

Mumbai, Sep 11 (PTI) NSE benchmark Nifty fell 150.60 points to 11,287.50 extending its sharp fall for the second session as the rupee continued its downward spiral touching a fresh life-low.

The rupee hit a new low of 72.7400 against the dollar at the intra-day, further weakening from the record trough hit in the last session.

All-round selling was visible among sectors such as banking, realty, FMCG, realty, metals, pharma, auto, energy, and banking. The Nifty Midcap and Smallcap index fell over one percent and that too weighed on the benchmarks.

Overseas, European shares declined in early trade, while most Asian shares ended lower as the specter of a Sino-US trade war haunted investors.

The Nifty 50 index fell 150.60 points or 1.32 percent to end at 11,287.50, its lowest closing level since August 2, 2018. The index rose 41.30 pts, at the day's high 11,479.40. and fell 164.10 points, at the day's low of 11,274.

It saw an intra-day movement of about 205.40 points.

Among the sectoral indices, FMCG fell by 2.41 percent followed by realty 1.99 percent, metal 1.61 percent, Pharma 1.60 percent, Auto 1.50 percent, media 1.45 percent, Bank 1.45 percent, Private Bank 1.37 percent, Finance Service 1.36 percent, Infra 1.35 percent, Energy 1.27 percent, PSU Bank 1.11 percent and IT 0.70 per cent.

Major index gainers were Coal Ind, Mahindra&Mahindra, NTPC, Infosys, Bajaj Finsv and AsianPaint. Losers included Titan, Tata Steel, PowerGrid, ITC, Tata Motors, HeroMotoCo, TechM, IbulHsgFin, and UPL.

The market breadth, indicating its overall health, remained negative. On the NSE, 459 stocks advanced, 1,382 declined and 80 remained unchanged. Total securities that hit their price bands were 196.

Turnover in the cash segment rose to Rs 35,712.35 crore from Rs 33,574.56 crore as on Monday.

A total of 14,251.36 lakh shares changed hands in 1,20,35,757 trades. The market capitalization of listed firms on the NSE stood at Rs 1,51,00,948.49 crore.