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Nifty Scales New Closing Peak

The Nifty opened lower at 10,227.65 and moved in a range of 10,251.85 and 10,121.60 before ending at 10,234.45, showing a marginal rise of 3.60 points, or 0.04 per cent

Photo Credit : Umesh Goswami

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Benchmark NSE Nifty rose 3.60 points to finish at a fresh lifetime closing high of 10,234.45 today on persistent buying in realty, infra and pharma stocks.


However, media, bank and finance service counters saw selling.


Overseas, European shares were trading higher. Most Asian stocks ended higher. Investors were cautious ahead of US economic data as well as Chinese Communist Party congress next week.


The Nifty opened lower at 10,227.65 and moved in a range of 10,251.85 and 10,121.60 before ending at 10,234.45, showing a marginal rise of 3.60 points, or 0.04 per cent.


It saw an intra-day movement of about 39.25 points.


On the sectoral front, Realty rose by 0.89 per cent, Infra 0.73 per cent, Pharma 0.50 per cent, Metal 0.33 per cent and Energy 0.12 per cent.


However, Media dropped by 1.75 per cent, Finance Service 0.27 per cent, Bank 0.23 per cent and Private Bank 0.23 per cent.


The Nifty Midcap and Smallcap indices outperformed the benchmark with gains of 0.58 per cent and 0.71 per cent, respectively.


Major index gainers were Cipla, BPCL, Bharti Airtel, Indiabulls Housing Finance and HPCL.


Losers were Zee, Axis Bank, Tata Motors, Bajaj Finance and Dr Reddy's.


The market breadth, indicating the overall health of the market, was in favour of gainers. On the NSE, 844 stocks advanced, 840 declined and 90 stocks remained unchanged.


Total securities that hit their price bands were 139.


Turnover in the cash segment fell to Rs 28,016.58 crore from Rs 29,905.35 crore yesterday.


A total of 12,645.06 lakh shares changed hands in 9,335,000 trades. The market capitalisation of listed firms on NSE stood at Rs 1,37,92,538 crore. 

PTI

Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.


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