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Nifty settles at 11,515, up 145 points

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Mumbai, Sep 14 (PTI) NSE benchmark Nifty jumped 145 points Friday to end at 11.515.20 on all-round buying led by financial, realty, pharma and energy stocks amid positive macro data and global cues.

Investor sentiment improved after data showed inflation eased in August.

The rupee and 10-year government bond prices rose after retail inflation for August fell below the RBI's medium-term target of 4 per cent for the first time in 10 months.

Overseas, European stocks were trading higher after an unexpectedly sharp interest rate hike in crisis-hit Turkey supported the lira and global risk appetite.

Asian markets ended higher.

The Nifty 50 index surged 145.30 points or 1.28 per cent to end at 11,515.20, its highest closing level since September 7, 2018. It saw an intra-day movement of about 92.70 points.

Among the sectoral indices, Realty climbed by 3.46 per cent followed by Metal 2.27 per cent, Pharma 2.51 per cent, Finance Service 1.84 per cent, PSU bank 1.79 per cent, Infra 1.70 per cent, Media 1.39 per cent, Private Bank 1.31 per cent, Bank 1.29 per cent, Auto 1.25 per cent, Energy 1.22 per cent, FMCG 0.52 per cent and IT 0.11 per cent.

Major index gainers were Indiabulls Housing Finance, BPCL, HPCL, Vedanta, UPL, IOC, Grasim, Bajaj Finance and Power Grid.

Losers included HCL Tech, Coal India, Infosys and GAIL.

The market breadth, indicating its overall health, turned positive. On the NSE, 1,276 stocks advanced, 540 declined and 82 remained unchanged. Total securities that hit their price bands were 255.

Turnover in the cash segment rose to Rs 33,720.65 crore from Rs 33,345.82 crore as on Wednesday.

A total of 13,950.38 lakh shares changed hands in 1,22,27,753 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,53,74,308.57 crore. PTI ARR ABM ABM

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

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