Mumbai: The NSE benchmark Nifty slipped 21 points to 10,718.05 after a volatile trading session dragged by metal, realty, PSU bank, IT and pharma sectors amid bearish Asian cues.
Sentiment across the global equity markets was muted as investors await the US Federal Reserve's policy decision later in the day. Overseas, European markets were trading higher as investors kept their focus on earnings.
Most Asian stocks fell as investors await the Fed's view on interest rates, inflation, and the economy.
Back home, the 50-share NSE Nifty ended at 10,718.05, down 21.30 points, or 0.20 per cent, its lowest closing level since 27 April 2018. Intra-day, it hovered between 10,784.65 and 10,689.80.
It saw an intra-day movement of about 94.85 points. On the sectoral front, metal fell by 3.43 per cent, followed by PSU bank 2.49 per cent, realty 2.00 per cent, IT 1.66 per cent, pharma 1.10 per cent, infra 0.67 per cent and media 0.24 per cent.
While, finance service gained by 0.47 per cent, private bank 0.22 per cent, FMCG 0.16 per cent, bank 0.14 per cent and energy 0.01 per cent. Major index gainers were Kotak Bank, ITC, Asian Paint, HDFC, Zeel, Axis Bank and Reliance. Losers included, Vedanta, HCL Tech, Hindalco, Tata Steel, ICICI bank, HUL, Hindustan Petroleum Corporation and Hero MotoCo.
The market breadth, indicating the overall health of the market, was weak. A total of 533 scrips advanced, 1,291 declined, while 77 remained unchanged. Total securities that have hit their price bands were 221.
Turnover in the cash segment rose to Rs 35,016.49 crore, from Rs 28,571.39 crore as on Monday. A total of 15,455.52 lakh shares changed hands in 1,17,96,715 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,49,66,387.20 crore.