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Nifty ends above 9,900 for 1st time

Press Trust of India  |  Mumbai 

The 50-share closed above the 9,900-level for the first time triggered by fresh buying from operators on hopes of good corporate earnings amid positive global sentiment. The opened higher today at 9,908.15. After touching an intra-day low of 9,894.70, the index headed north to touch a new high of 9,928.20, before settling at 9,915.95, up 0.30 per cent. On the sectoral front, barring the FMCG index, which lost 1.70 per cent, all indices ended in green.

The Realty, IT, and Metal indices led the gainers, advancing 1.48 per cent, 1.12 per cent, and 0.96 per cent, respectively. Global concerns about supply overhang in the metals sector continue to linger, as Chinese steel output in June rose 5.7 per cent (y-o-y) to a record 73.23 million tonnes, surpassing an all-time high of 72.78 million tonnes in April, data from the National Statistics Bureau showed. A total of 874 scrips declined, 829 advanced, while 81 remained unchanged. Total securities that hit their price bands were 126. Turnover in the cash segment dropped to Rs 24,497.73 crore from Rs 27,523.48 crore on last Friday. A total of 15,349.73 lakh shares changed hands in 8,429,170 trades. The market capitalisation of listed firms on the stood at Rs 1,29,32,869 crore.

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

First Published: Mon, July 17 2017. 17:48 IST