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Nifty surges 70 pts on positive global cues

Press Trust of India  |  Mumbai 

Benchmark gained by 70 points to end at 9.657.55 following across-the-board buying, led by metal, infra, and energy stocks.

But mild selling in realty and pharma stocks capped some gains. The hit its highest intraday level of 9,673.30 in more than one week.


Positive global cues and RBI's move on big loan defaulters helped indices to rose further.

In overseas markets, European stocks were trading higher on broad-based gains led by commodity and retailers. Asian stocks ended trading higher as markets geared up ahead of Brexit negotiations between the and the European Union.

The 50-share index opened higher at 9,626.40 and hovered between 9,673.30 and 9,614.90 before finishing at 9,657.55, a rise of 69.50 points, or 0.72 per cent.

It saw an intra-day movement of about 58.40 points.

Sector-wise, metal rose 1.75 per cent, financial service 1.04 per cent, 1.02 per cent, infra 0.99 per cent, private 0.97 per cent, energy 0.76 per cent and PSU 0.67 per cent.

However, pharma and realty eased by 0.38 per cent and 0.31 per cent, respectively.

The broader indices performed in contrary to the front- line indices, as the mid-cap and small-cap indices traded almost flat, eased by 0.03 and 0.23 per cent, respectively.

Major index gainers were Tata Steel (3.51 per cent), Hindalco (2.87 per cent), Adani Ports (2.93 per cent), Vedanta (2.15 per cent), Bosch (2.41 per cent), Larsen & Toubro (1.87 per cent), (1.48 per cent) and Powergrid (1.41 per cent).

Losers included Infosys (1.11 per cent), Eicher Motors (1.05 per cent), BPCL (0.99 per cent), Dr Reddy (0.94 per cent), Yes (0.87 per cent) and ONGC (0.69 per cent).

A total of 953 scrips declined, 736 advanced, while 81 remained unchanged.

Total securities that hit their price bands were 122.

Turnover in the cash segment fell to Rs 20,059.70 crore from Rs 27,168.65 crore last Friday.

A total of 9,421.61 lakh changed hands in 77,25,234 trades.

The market capitalisation of listed firms on the stood at Rs 1,25,78,739.28 crore.

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

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