NSE benchmark Nifty rebounds 85 pts on strong global cues
Mumbai: NSE benchmark Nifty rebounded 85 points today on robust buying in realty, energy, pharma and auto counters amid positive global cues.
All sectoral indices ended in the green barring IT and PSU bank, as bargain hunting continued.
Overseas, European registered strong gains, erasing part of their sizable monthly loss. Asian stocks gained after a late-day rally on Wall Street on Friday, as investors fretted about the risks from looming US inflation data. Japanese markets are closed today in observance of a public holiday.
The Nifty opened higher at 10,518.20 and traded between 10,555.50 and 10,485.40 before settling at 10,539.75, a gain of 84.80 points, or 0.81 per cent. It saw an intra-day movement of about 70.10 points.
The key index lost 121.90 points in its previous session. Back home, the broader markets continued to outperform frontline indices as the Nifty Midcap index gained 1.4 per cent and the BSE Smallcap was up 1.6 per cent.
Sector-wise, realty rallied 1.69 per cent, followed by energy 1.39 per cent, pharma 1.27 per cent, auto 1.16 per cent, media 1.12 per cent and Pvt bank 1.12 per cent, while IT fell by 0.56 per cent and Psu Bank 0.22 per cent.
Major index gainers were Tata Steel 4.06 per cent, Yes Bank 3.03 per cent, Auro Pharma 3.02 per cent, Power Grid 2.74 per cent and UPL 2.56 per cent. Losers included SBI 2.58 per cent, HCL Tech 2.58 per cent, BPCL 1.65 per cent, Hind Petro 1.07 per cent and Infratel 0.95 per cent.
The market breadth, indicating its overall health, was in favour of gainers. On the NSE, 1,429 stocks advanced, 383 declined and 49 remained unchanged. Total securities that hit their price bands were 284.
Turnover in the cash segment declined to Rs 30,902.39 crore from Rs 31,582.68 crore on last Friday. A total of 15,351.45 lakh shares changed hands in 10,583,311 trades.
The market capitalisation of listed firms on the NSE stood at Rs 1,47,21,805 crore. The stock markets will remain closed tomorrow, 13 February 2018, on account of 'Mahashivratri'.
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State-owned PNB today said it has received Rs 2,816 crore as capital infusion from the government via preferential allotment of equity shares.
The Border Roads Organisation has spent more than Rs 1,900 crore on construction and improvement of infrastructure on the north-western and north-eastern borders of India, the government said.
The population of tigers is on the rise, the government said today quoting preliminary census data.
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Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
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