Nifty surges 84 points on firm buying

The market surged on hectic broad- based buying by institutional investors amid positive sentiment over expectation of better GDP data as the NSE benchmark spurted to 84 points to close at 6,176.10.
The quarterly GDP-data is to be released by the government today after trading hours.
Almost all the sectoral indices rallied led by Banking, FMCG, Energy, Pharma, PSU, IT and metals.
The 50-scrip benchmark Nifty hovered between a high of 6,182.50 points and a low of 6,103.80 points before ending at 6,176.10 points, showing a rally of 84.25 points, or 1.38 per cent, over the last close.
Resuming firm in early trade the market remained positive to hit weekly-high during in early trade. Some selling witnessed during mid-morning, but the rally continued on higher European cues to end in green.

Top gainers were JP Associates, NMDC, Bank of Baroda, SSLT, BHEL, PNB, SBIN, Axis Bank, ICICI Bank and ACC.
The turnover in cash segment declined to Rs 10,246.16 crore from Rs 12,724.19 crore yesterday. A total of 6,500.96 lakh shares changed hands in 51,68,421 trades, while market capitalisation stood at Rs 66,44,844 crore.