Nifty snaps four-day rally, holds on 10,200

Overall trading sentiment was dulling ahead of a long Diwali holiday weekend.

Overseas, European shares edged higher as investors monitored the latest batch of earnings and economic data releases. Asian stocks were mixed as investors in the region looked to China's Party Congress for signs on future policy direction in the world's second-largest economy.

The Nifty opened lower at 10,209.40 and moved in a range of 10,236.45 and 10,175.75 before ending at 10,210.85, showing a modest loss of 23.60 points, or 0.23 per cent, from its last close.

It saw an intra-day movement of about 60.70 points.

On the sectoral front, PSU banks fell 2.49 per cent, Private banks 1.62 per cent, banks 1.35 per cent, pharma 1.21 per cent, finance service 0.98 per cent and auto 0.48 per cent.

However, energy and FMCG rose by 2.66 and 0.25 per cent, respectively.

Among major index losers: Axis Bank was the biggest loser after sharp rise in slippages in Q2 followed by ICICI Bank, InfraTel, Cipla, TechM, SBIN and Yes Bank.

Gainers were reliance, power grid, IbulHsgFin, ONGC, Wipro, Kotak Bank, NTPC and ITC.

The market breadth, indicating the overall health of the market, was in favour of declines. On the NSE, 952 stocks declined 762 advanced and 65 stocks remained unchanged.

Total securities that hit their price bands were 142.

Turnover in the cash segment rose to Rs 30,596.25 crore from Rs 28,016.58 crore yesterday.

A total of 12,736.94 lakh shares changed hands in 9,631,880 trades. The market capitalisation of listed firms on NSE stood at Rs 1,37,79,309 crore.