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Nifty up 10 pts on easing inflation, global cues

Press Trust of India  |  Mumbai 

The 50-share recovered by 10 points to end at 8,583.40 on fresh buying mainly in Infra, Energy, Realty and PSU Bank counters in view of a fall in amid higher global cues.

Retail in September dropped to a 13-month low of 4.31 per cent mainly on account of easing vegetables prices.

Wholesale also eased to 3.57 per cent in September as food articles, led by vegetables, witnessed softening of prices.

Overseas, Asian stocks ended higher, reversing some early losses, as investors weighed price increases in and the possibility of a US hike later in the year.

Key indices in China, Hong Kong, Japan, and rose by 0.08 per cent to 0.88 per cent, while Taiwan's weighted average eased by 0.59 per cent.

The 50-share index opened higher at 8,594.00 and hovered in a range of 8,604.45 and 8,549.80 before finishing at 8,583.40, showing a gain of 10.05 points or 0.12 per cent.

Major gainers were (4.04 per cent), followed by L&T (2.53 per cent), Tata Motors (2.06 per cent) and Reliance Industries (1.94 per cent).

However, Zee fell by 3.30 per cent, Bharti Infratel 2.44 per cent, Infosys 2.39 per cent, HUL 2.30 per cent and Idea 1.78 per cent.

A total of 1,037 scrips advanced, 575 declined while 81 remained unchanged. Total securities that hit their price bands were 104.

Turnover in cash segment fell to Rs 20,518.22 crore from Rs 23,622.24 crore yesterday.

A total of 9,547.69 lakh shares changed hands in 7,896,477 trades. The market capitalisation of stood at Rs 11,021,299 crore.

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

First Published: Fri, October 14 2016. 18:07 IST