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Nifty stays in range ahead of US Fed decision

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Press Trust of India Mumbai
In a choppy session, the benchmark Nifty today ended with minuscule gains to close above 9,300 ahead of the key US Fed policy decision due tomorrow.

The key index started on a positive note, rallied during the early session, but could not hold for long due to volatility as it fell below the key 9,300-level. It was able to recover from lower levels on buying support though.

The NSE 50-share barometer opened higher at 9,339.85 and hovered in the range of 9,352.55 and 9,269.90 before settling at 9,313.80, up 9.75 points, or 0.1 per cent.

Meanwhile, the manufacturing sector grew for the fourth month in a row. The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- matched March's reading of 52.5 in April as well.
 

Asian markets ended mixed. Europe was also trading higher in the afternoon trade.

Nifty realty rose 1.83 per cent, followed by CPSE 1.38 per cent and IT 0.63 per cent.

The broader mid-cap and small-cap also gained 0.56 per cent and 0.12 per cent, respectively.

Pharma lost 0.84 per cent, metal 0.57 per cent, infra 0.74 per cent, energy 0.17 per cent and PSU bank 0.13 per cent.

Major index gainers were Indiabulls Housing Finance by 5.47 per cent, ONGC 3.14 per cent, HDFC 3.10 per cent, BPCL 2.86 per cent and Maruti 2.77 per cent.

Notable losers include Tata Motors 2.59 per cent, Lupin 2.58 per cent, Bharti Airtel 2.22 per cent, ACC 2.06 per cent and Reliance 1.77 per cent.

A total of 769 shares advanced and 932 declined while 91 ruled steady.

Total securities that hit their price bands were 138.

Turnover in the cash segment read Rs 25,975.41 crore.

A total of 13,126.17 lakh shares changed hands in 9,974,049 trades. The market capitalisation of listed firms stood at Rs 12,327,010 crore.

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

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First Published: May 02 2017 | 7:58 PM IST

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