Budget rally continues, Nifty trades at 4-month high

Benchmark Nifty continued to trade at a 4-month high on persistent demand in select counters on the back of sustained capital inflows coupled with positive cues from the Union Budget.
However, fall in global markets restricted the Nifty's gains.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 92.73 crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) also bought shares worth a net Rs 1,133.74 crore yesterday.
The NSE 50-share Nifty rose further by 17.85 points or 0.20 per cent to close at 4-month high at 8,734.25. The Nifty had last ended at 8,743.95 on October 5, 2016.

The Nifty has gained 172.95 points or 2.02 per cent in two days.
The Nifty Pharma rose by 2.09 per cent, followed by IT (1.81 per cent) and PSU Bank (1.44 per cent), while Nifty Auto fell 1.31 per cent.

Major gainers were Aurobindo Pharma (3.26 per cent), Dr Reddy's Lab (3.19 per cent), Bank Of Baroda (2.66 per cent), Tech Mahindra (2.54 per cent) and Sun Pharma (2.53 per cent).
However, M&M fell 2.88 per cent, Hindalco 2.79 per cent, ACC 2.50 per cent, Tata Motors 1.98 per cent and Yes Bank 1.85 per cent.
A total of 912 scrips advanced, 735 declined, while 65 remained unchanged. Total securities that hit their price bands were 109.

Turnover in the cash segment fell to Rs 26,848.21 crore from Rs 27,786.65 crore yesterday.
A total of 14,901.42 lakh shares changed hands in 10,060,851 trades. The market capitalisation of NSE stood at Rs 11,287,807 crore.