Asian shares rallied an 18-month peak on upbeat Chinese trade data and strong gains on Wall Street after US President Donald Trump promised a major tax announcement to lower the burden on businesses.
The key indices opened positive amid Asian rally, later shifted to choppiness on lacklustre earning results in number of Nifty constituents, while IT stocks sustained the momentum as investor eyed on IIP data to be released later in the day. The key indices ended the session with mild gains.
The NSE 50-share Nifty index opened higher at 8,812.35 and hovered between 8,822.10 and 8,771.20 before ending at 8,793.55, a gain of 15.15 points, or 0.17 per cent.
It saw an intra-day movement of about 50.90 points.
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Sector-wise, IT climbed 2.16 per cent, followed by Pvt Bank (0.35 per cent), Infra (0.32 per cent), Bank (0.31 per cent) and PSU Bank (0.29 per cent).
While, midcap and smallcap shares traded sluggish.
Selling was led by Pharma (0.99 per cent), FMCG (0.72 per cent), Energy (0.46 per cent), Auto (0.41 per cent), Media (0.40 per cent), CPSE (0.36 per cent) and Metal (0.30 per cent).
However, AuroPharma dropped (3.88 per cent), Lupin (1.70 per cent), Dr Reddy (1.56 per cent), BPCL (1.55 per cent) and ITC (1.55 per cent).
A total of 754 scrips advanced, 907 declined while 72 remained unchanged. The total number of securities that hit their price bands was 101.
Turnover in the cash segment declined to Rs 22,246.92 crore, from Rs 23,431.97 crore yesterday.
A total of 11,907.20 lakh shares changed hands in 85,56,200 trades. The market capitalisation of NSE stood at Rs 11,455,738 crore.