Nifty scales new peak, advances 46 pts on upbeat global cues

The broader NSE Nifty today rose by 46.55 points to close at a new all-time high of 11,738.50 led

by sustained buying in metal, energy, auto, and finance services buoyed by positive cues from global markets.

The 50-share Nifty opened higher on firm Asian markets, though the trading momentum witnessed bouts of short covering as well as

profit-booking in view of August F&O expiry due this week.

Banking, realty, pharma, FMCG, and media stocks fell, capping the gains.

Overseas, European shares rose after the US and Mexico

reached a trade agreement to overhaul the North American Free Trade Agreement. Shares in Asia advanced on hopes global tariff tensions were abating.

The Nifty rose 46.55 points or 0.40 percent to end at 11,738.50, a fresh record closing high. The index hit high of 11,760.20 and low of 11,710.50 in intraday trade.

It saw an intra-day movement of about 49.70 points.

On the sectoral front, Metal climbed by 1.82 percent followed by Energy 0.99 percent, Auto 1.67 percent, Finance Service 0.47 percent, IT 0.44 percent and Private Bank 0.07 percent.

While PSU bank fell by 1.52 percent, Realty 0.90 percent, Pharma 0.44 percent, FMCG 0.34 percent, Media 0.23 percent, and Infra 0.08 percent.

Major index gainers were Hindalco, Adani Ports, Reliance,

Vedanta Ltd, Maruti, HDFC, Tata Steel and Axis Bank.

Losers were GAIL, Yes Bank, Hind Petro, Cipla, Hind Unilever, Dr. Reddy, Eicher Motors, Grasim, and UPL.

The market breadth, indicating its overall health,

turned negative. On the NSE, 750 stocks advanced, 1,050 declined and 95 remained unchanged. Total securities that have hit their price bands were 228.

Turnover in the cash segment rose to Rs 32,636.51 crore from Rs 29,974.67 crore as on Monday.

A total of 15,035.04 lakh shares changed hands in

1,15,84,952 trades. The market capitalization of listed firms

on NSE stood at Rs 1,56,87,043.54 crore.

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