Nifty ends above 10,450, up 41.50 points; IT, bank stocks gain
Mumbai: The NSE Nifty continued its positive momentum for the sixth straight session to end at 10,458.65 today, up 41.50 points, led by gains in IT and banking stocks despite mixed sentiment in global markets.
Realty, metals, PSU banks and pharma counters were under pressure, which capped the gains.
Overseas, European stocks were trading lower, tracking mixed cues from Asian market, amid fears of a military escalation in Syria.
Back home, the Nifty 50 index rose 41.50 points or 0.40 per cent to close at 10,458.65, its highest closing level since February 28, 2018, after moving in a range of 10,469.90 and 10,305.25. The index witnessed an intra-day movement of about 74.65 points.
Sector-wise, IT rose by 3.21 per cent, followed by Private Bank 0.58 per cent, Finance Service 0.50 per cent, Bank 0.39 per cent and Auto 0.05 per cent.
On the other hand, Realty fell 1.92 per cent, Metal 1.38 per cent, Pharma 0.88 per cent, FMCG 0.43 per cent, Infra 0.15 per cent, Energy 0.05 per cent and Media 0.04 per cent.
Major index gainers were HCL Tech, TCS, Infosys, Tech Mahindra, Axis Bank, Bharti Infratel, Wipro, HDFC, ICICI Bank and Kotak Bank.
The losers were Vedanta, Lupin, Dr Reddy's, Tata Steel, Adani Ports, Sun Pharma, UltraTech Cement, SBI and ITC.
The market breadth, indicating its overall health, was in favour of losers. On the NSE, 741 stocks advanced, 1,042 declined and 78 remained unchanged. Total securities that hit their price bands were 172.
Turnover in the cash segment eased to Rs 29,398.17 crore from Rs 29,878.82 crore as on Wednesday.
A total of 14,087.84 lakh shares changed hands in 98,52,021 trades. The market capitalisation of listed firms on NSE stood at Rs 1,46,48,478.53 crore.
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