Nifty edges higher by 20 pts after choppy trade

Nifty benchmark rose by 20 points after a choppy trade swung between positive and negative zone ending marginally higher recouping some of losses seen in the previous session, triggered by recovery seen on back of buying in energy, media, pharma and metal stocks on the other hand mild selling was witnessed in FMCG and realty stocks.
In overseas markets, Asian stocks ended mixed. Stocks in Japan rose for the sixth trading session in a row amid continued expectations that the Bank of Japan will soon roll out stimulus for the economy. The Nikkei 225 Average ended 1.37 per cent higher.

European stocks were trading lower as disappointing corporate updates soured investors' sentiment.
The 50-share Nifty resumed higher at 8,514.30 and hovered in a range of 8,540.05 and 8,476.70 before closing at 8,528.55, showing a net rise of 19.85 points, or 0.23 per cent from its last close.
In sectoral front, Nifty Energy rose by 1.55 per cent, followed by Media (1.10 per cent), Pharma (0.78 per cent), Metal (0.47 pc), Infra (0.42 pct) and Auto (0.37 per cent).
However, FMCG fell 0.61 pct and Realty by 0.49 pct.

Index gainers included, BPCL (2.88 per cent), Idea (2.36 per cent), ICICI Bank (2.18 per cent), PowerGrid (1.96 per cent) and Tata Motors (1.91 pct).

While, HUL fell by 2.91 pct,followed by IndusInd Bank (2.10 per cent), Yes Bank (1.80 per cent), Eicher Motors (1.22 per cent) and Axis Bank (0.97 per cent).
A total 906 stocks declined, 695 advanced, while 84 ruled stable. Total securities that hit their price bands today stood at 95.
Turnover in cash segment rose to Rs 17,502.86 crore from Rs 17,425.41 crore as on Monday.
A total of 10,511.45 lakh shares changed hands in 70,74,237 trades. The market capitalisation of NSE stood at Rs 103,78,427.72 crore.