Business Standard

Nifty fails to hold on 8150-level, ends flat

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Press Trust of India Mumbai
The NSE 50-share Nifty ended today with a marginal gain of 14 points, but failed to hold on 8150-level following late sell-off in FMCG, auto, pharma and media stocks, while sustained buying were seen in realty, energy, metal, finance service and PSU bank.

Investors remained cautious ahead of the outcome of monetary policy committee meeting to be held tomorrow.

Overseas, most European shares bounced back after a negative start today. Except China's Shanghai Composite, all other Asian shares edged higher as investors judged the sell- off after Italy's referendum was overdone, with robust US economic data also helping sentiment.

The 50-share Nifty opened higher at 8,153.15 and moved in a range of 8,178.70 and 8,130.85 before ending at 8,143.15, showing a marginal rise of 14.40 points or 0.18 per cent.
 

It saw an intra-day movement of about 47.85 points.

On sectoral front, Realty rose by (1.43 per cent) followed by Energy (0.96 percent), Metal (0.83 percent), Finance Service (0.51 percent), PSU Bank (0.44 per cent) and Infra (0.39 per cent).

While, FMCG fell by 0.91 per cent, Auto 0.36 per cent, Pharma and Media by 0.03 per cent, respectively.

Major index gainers were, Tata Power 2.80 pct, HDFC 2.29 pct, Idea 2.41 pct, BPCL 1.45 pct, ONGC 1.12 pct and Tata Steel 1.20 pct.

The laggards list includes, Bosch Ltd 1.85 pct, HCL Ltd 1.58 pct, Maruti 1.30 pct, Powergrid 1.19 pct, Eicher Motor 1.28 pct and ITC 1.05 pct.

A total of 936 scrips advanced, 683 fell while 72 remained unchanged. Total securities that hit their price bands were 92.

Turnover in the cash segment fell to 13,676.35 crores from Rs 14,419.37 as on Monday.

A total of 7,879.06 lakh shares changed hands in 6,607,101 trades. The market capitalisation of NSE stood at Rs 10,497,388.62 crore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Dec 06 2016 | 6:13 PM IST

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