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Nifty fails to hold 10K; realty counters shine

Press Trust of India  |  Mumbai 

Market benchmark saw a marginal gain on the first trading day of the week amid positive global cues.

The pared gains after hitting its highest intraday level in more than two weeks in morning trade after crossing the psychologically important 10,000 mark in morning trade.


Most Asian indices closed higher. Financial markets in Japan, and closed for a public holiday.

European were trading higher with Germany's DAX touching a record high and Spain's IBEX its highest for a week, as political risk concerns over Catalonia eased a day after a demonstration in Barcelona against independence.

The 50-share after reclaiming the crucial 10,000- mark slipped back to close up 9.05 points, or 0.09 per cent, at 9,988.75. Intra-day, hit a low of 9,959.45.

The broader markets had a mixed outing in today's session. The Smallcap index put on gains of 0.32 per cent, the Midcap index closed flat with a loss of 0.02 per cent for the day.

On the sectoral chart, barring three, all indices notched up gains for the day. The top three gainers in todays session were the Realty, Media, and FMCG indices, rallying 2.33 per cent, 1.06 per cent and 0.62 per cent, respectively.

Among the losers, the energy, PSU bank, and auto indices slipped 0.95 per cent, 0.04 per cent and 0.01 per cent, respectively.

It saw an intra-day movement of about 56.30 points.

Major index gainers were Coal India, TechMah, Yes Bank, Dr Reddy and Adani Ports.

Losers were Auro Pharma, Power Grid, ONGC, BPCL and Gail.

The market breadth, indicating the overall health of the market, was in favour of gainers. On the NSE, 987 stocks advanced, 757 declined and 64 remained unchanged.

Total securities that hit their price bands were 167.

Turnover in the cash segment fell to Rs 24,578.55 crore from Rs 27,878.08 crore on last Friday.

A total of 14,047.49 lakh changed hands in 8,829,619 trades. The market capitalisation of listed firms on the stood at Rs 1,34,60,484 crore.

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

First Published: Mon, October 09 2017. 17:57 IST
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