Nifty closes rangebound session on weak note

The benchmark Nifty closed marginally lower, after witnessing a rangebound trade for the whole day. It was ranged at 5230-5270 and closed below 5250 level.

On the one side, telecom, cement, realty and capital goods companies' shares along with Reliance Industries, Infosys, M&M, Kotak Mahindra Bank and Reliance Infrastructure dragged equity benchmarks marginally.

However, auto, power, select metal and financial companies' shares witnessed buying interest along with ONGC, Wipro, TCS and BPCL.

The 30-share BSE Sensex closed at 17,460.95, down 48.38 points or 0.28% and the 50-share NSE Nifty fell 14.30 points or 0.27% to settle at 5,237.10. Even the broader indices were quiet in trade. However, the Nifty July futures ended at 6 points premium, as per provisional data.

Wipro and TCS were the leading gainers on Nifty; were up 2.8% & 1.6%, respectively. However, Infosys fell 1.4% and HCL Tech lost 2.9%.

NTPC and Suzlon Energy from power pack gained 1-2%. Reliance Power rallied 3.4% while Reliance Infrastructure slipped 1%.