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Nifty rises 61 pts; realty, energy lead gains

Overall trading sentiment remained subdued due to renewed concerns with regard to global trade war after the US and China engaged in fresh round of trade tariff imposition.


Nifty rises 61 pts; realty, energy lead gains
It saw an intra-day movement of about 57.75 points. (Image Credit: Twitter)

Snapping its two days of losing run, the NSE Nifty today rose by 61.60 points, led by gains mainly in realty, energy and banking stocks amid positive global cues.

However, overall trading sentiment remained subdued due to renewed concerns with regard to global trade war after the US and China engaged in fresh round of trade tariff imposition.

Meanwhile, bargain hunting at lower levels provided some stability.

Overseas, European stocks rose as markets awaited the next development in the trade dispute between the US and China, whose central bank called for investors to remain calm. Asian stocks bounced back after sharp losses made in the previous session.

The Nifty 50 index rose 61.60 points, or 0.58 per cent, to close at 10,772.05. It hovered between 10,781.80 and 10,724.05 during the session.

It saw an intra-day movement of about 57.75 points.

Sector-wise, private bank rose by 1.16 per cent, bank 1.11 per cent, realty 1.10 per cent, energy 1.10 per cent, financial service 1.02 per cent, metal 0.99 per cent, auto 0.51 per cent, pharma 0.40 per cent, media 0.43 per cent and infra 0.04 per cent.

On the other hand, FMCG, IT and PSU bank fell by 0.46 per cent, 0.28 per cent and 0.07 per cent, respectively.

Major Index gainers were Reliance, Vedanta Ltd, IndusInd Bank, Kotak Bank, HDFC bank, Yes Bank and M&M.

Among the Index losers were UPL, HindPetro, IOC, ONGC, HCL Tech, Dr Reddy, Coal India, ITC, and Infratel.

The market breadth, indicating its overall health, turned positive. A total of 897 scrips advanced and 878 declined, while 93 remained unchanged.

As many as 181 total securities hit their price bands.

Turnover in the cash segment fell to Rs 25,095.71 crore, from Rs 26,499.40 crore as on Tuesday.

A total of 12,163.57 lakhs shares changed hands in 1,01,06,790 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,45,72,227.92 crore.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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