India : Nifty ends at new 1-month high, up 14 points
Fri Dec 09 2016
Rajesh Sharma (2003 articles)

India : Nifty ends at new 1-month high, up 14 points

The NSE 50-share index remained marginally higher, up 14 points to end at a new 1-month record high of 8261.75 amid consolidation in mainly PSU banks, media, realty, IT and FMCG sectors on the back higher global cues.While, mild selling were seen in auto, metal, infra and pharma stocks.

Overseas, most European shares edged higher in early trading, underpinned by a rebound among healthcare stocks.

Asian shares were mixed after the European Central Bank (ECB) trimmed the size of its asset purchase programme.

The Nifty opened higher at 8,271.70 and moved in a range of 8,274.95 and 8,241.95 before ending at 8,261.75, showing a modest gain of 14.90 points or 0.18 per cent.

It saw an intra-day movement of about 33 points.

On sectoral front, PSU rose by (2.45 per cent), followed by media (1.89 per cent), realty (1.80 per cent), bank (0.97 per cent), pvt banks (0.83 per cent), IT (0.62 per cent), FMCG (0.55 per cent) and energy (0.45 per cent).

While, auto slip by 0.50 per cent, pharma 0.39 per cent, metal (0.12 per cent) and Infra (0.10 per cent).

Major index gainers were: SBIN 2.60 per cent, Bank Of Baroda 2.24 per cent, ICICI Bank 2.17 per cent, Tata Power 1.99 per cent and TechM 1.71 per cent.

The laggards list includes, InfraTel 3.31 per cent, Bajaj Auto 2.10 per cent, Coal India 1.81 per cent, Grasim 1.78 per cent and Eicher Motors 1.74 per cent.

A total of 853 scrips advanced, 766 declined while 83 remained unchanged. Total securities that hit their price bands were 105.

Turnover in the cash segment rose to 16,860.77 crores from Rs 16,045.64 as on Thursday.

A total of 8,719.03 lakh shares changed hands in 7,403,032 trades. The market capitalisation of NSE stood at Rs 10,643,923.51 crore.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.


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