#Nifty at 6-month low, ends below 8,000

Mumbai, Nov 21 (PTI) Nifty slumped 145 points to hit a fresh six-month low as concerns over demonetisation and consistent outflow of funds dented the market sentiment.

All round sell-off was witnessed in PSUs, realty, metal, auto, banks, financials, infra, media and FMCG sectors.

Overseas, European stocks reversed intraday gains in volatile trade. Asian stocks witnessed a mixed trend.

US stock market finished lower last Friday, but higher for the week as Wall Street heads into a holiday-shortened week when the focus will be on a slew of economic data and fresh scrutiny of a suddenly surging US dollar and rising interest rates.

The 50-share Nifty opened higher at 8,102.10, moved in a range of 8,102.45 and 7,916.40 before ending at 7,929.10, a fall of 145 points, or 1.80 per cent, from its last close.

It saw an intra-day movement of about 186.05 points.

On the sectoral front, PSU Bank fell by 6.89 percent, Realty 5.21 per cent, Metal 3.42 per cent, Auto 3.36 per cent, Media 2.81 per cent, Bank 2.70 per cent, Finance Service 2.25 per cent, Pvt Bank 2.16 per cent, FMCG 1.30 per cent, Pharma 1.02 per cent and Energy 1.10 per cent.

The Index laggards were Bank Of Baroda (8.96 percent), SBIN (6.69 per cent), Eicher Motors (6.57 per cent), Yes Bank (5.78 per cent), Hindalco (4.84 per cent), Grasim (4.10 per cent), Bhel (3.95 per cent) and Bosch Ltd (3.91 per cent).

The gainers list included Infra Tel (2.20 per cent) Wipro (1.06 percent), Reliance (0.41 per cent), Tcs (0.37 per cent) and TechM (0.41 per cent).

A total of 1,462 scrips declined, 206 advanced while 40 remained unchanged. Total securities that hit their price bands were 143.

Turnover in the cash segment rose to Rs 19,467.27 crs, from Rs 17,640.79 crore as on last Friday.

A total of 9,657.70 lakh shares changed hands in 87,98,209 trades. The market capitalisation of NSE stood at Rs 1,00,38,928.07 crore.