The eight session runaway rally took a breather as the stock market turned lacklustre with traders opting for profit booking as the benchmark S&P CNX Nifty closed marginally lower at the National Stock Exchange (NSE). The 50-share index moved in a tight range of 5,860.20 and 5,810.40 before concluding the session at 5,826.05,down 7.70 points,or 0.13 per cent,from its last close. The session commenced on a quiet note amidst choppiness with key-index moving in a narrow range for some time,before bouts of profit-booking in financial,banking and IT which was the frontrunners in recent rally. The market made several attempt to break the downward trend through bouts of see-saw trade,but succumbed to selling. Select heavy weights from financials,capital goods,FMCG,steel and realty counters witness strong buying helping the market to cap the fall. "Yesterday's strong rollover on F&O expiry clearly indicated the confidence traders have,and today's correction is not to be noted,as we hope the liquidity driven rally will continue," traders said. PNB stock,HCL Tech,NTPC stock,SBIN,Kotak Bank,Tata Power,Reliance,ICICI Bank,Hindunilever and Dr Reddy's were the top losers from the Nifty. However,Reliance Capital,IDFC,Reliance Communications,JP Associates,Power Grid,BHEL,Grasim,Hindalco,Sesa Goa and R Power recorded smart gains. Total turnover in cash segment dropped to Rs 11,691 crore from Rs 19,337 crore yesterday. A total of 6,664.50 lakh shares changed hands in 56,11,859 trades. The market capitalisation stood at Rs 67,31,138 crore.
