The NSE benchmark Nifty snapped
seven-day losing streak and closed 33 points higher on expiry
day for September futures and options contracts.
The gains were driven by financial service, banking,
realty, pharma, metals and FMCG sectors on the back of
firmness in European stocks.
Overseas, European stocks edged higher after euro zone
economic sentiment improved more than expected in September,
reaching levels last seen in July 2007.
Asian stocks were mixed after US equities rebounded from
losses on news of long-awaited tax reform plan.
The Nifty opened higher at 9,736.40 and moved in a range
of 9,789.20 and 9,687.55 before ending at 9,768.95, up 33.20
points, or 0.34 per cent, from last close.
It saw an intra-day movement of about 101.65 points.
On sectoral front, Finance Service rose by 1.12 per cent,
followed by realty 1.10 per cent, pharma 0.83 per cent, bank
0.82 per cent, metal 0.70 per cent and FMCG 0.69 per cent.
However, energy, media and IT fell 0.68 per cent, 0.22
per cent and 0.21 per cent, respectively.
Major Index gainers were ACC, Dr Reddy, Coal India,
Kotak Bank, Infratel, AmbujaCement, Cipla and Hindalco.
Lossers were AsianPaint, Bosch Ltd, AuroPharma,
BhartiAirtel, Reliance, Tata Power, EicherMotor and TCS.
The broader markets also put up a great show as both
the Nifty midcap and smallcap indices both rose 0.56 per cent
and 0.99 per cent, respectively.
The market breadth, indicating the overall health of
the market was in favour of gainers. On the NSE, 1,019 stocks
advanced, 648 declined and 82 stocks remained unchanged.
Total securities that hit their price bands were 130.
Turnover in the cash segment rose to Rs 38,254.89
crore from Rs 29,626.92 crore yesterday.
A total of 15,937.81 lakh shares changed hands in
11,430,542 trades. The market capitalisation of listed firms
on the NSE stood at Rs 1,29,56,107.10 crore.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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