Nifty logs modest 23 pts gains

The NSE benchmark Nifty gained by

another 23 points to close at 10,208 on buyers' interest in

media, PSU banks, infra, bank and financial services sectors

and higher global cues.

While IT, pharma and auto stocks showed weakness.

Overseas, European stocks rose as investors continued to

monitor the latest corporate earnings reports and kept a

close eye on Spain's constitutional crisis.

Most Asian stocks shrugged off overnight declines in the

US stocks, where a gauge of equity volatility climbed as

market participants assessed the recent rally in global stocks

before a slew of earnings reports.

The Nifty opened higher at 10,218.55 and moved in a range

of 10,237.75 and 10,182.40 before ending at 10,207.70, showing

a rise of 22.85 points, or 0.22 per cent, from its last close.

It saw an intra-day movement of about 55.35 points.

On the sectoral front, PSU banks rose by 3.79 per cent,

media 3.61 per cent, infra 0.89 per cent, realty 0.57 per

cent, finance service 0.49 per cent, energy 0.42 per cent,

metal 0.39 per cent and FMCG 0.33 per cent.

However, IT, pharma and auto fell by 1.03 per cent, 0.55

per cent and 0.27 per cent, respectively.

The Nifty Midcap and the Small Cap index outperformed

the broader indices today with gains of 0.34 per cent and 1.18

per cent, respectively.

Major index gainers were Zeel, AsianPaint, SBIN, UPL,

and NTPC.

Lossers were HCL Tech, IndusInd Bank, TechM, Yes Bank

and Tata Motors.

The market breadth, indicating the overall health of

the market, was in favour of gainers. On the NSE, 969 stocks

advanced 762 declined and 71 stocks remained unchanged.

Total securities that hit their price bands were 153.

Turnover in the cash segment rose to Rs 29,463.64

crore from Rs 29,180.67 crore yesterday.

A total of 14,609.28 lakh shares changed hands in

10,757,815 trades. The market capitalisation of listed firms

on NSE stood at Rs 1,38,32,234 crore.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)