Nifty attain 7-month closing high, gains 22 points

Equity benchmark Nifty gained for the fifth consecutive session, registered 22 points to settle at 8,178.50, its highest closing level since Oct 27, 2015 following sustained buying in Metal, Auto, IT, Infra and PSU Bank sectors, while Realty, FMCG stocks saw selling pressure.
Benchmark Nifty opened on a positive note with a gain of 10 points at 8167 levels and during the first hour of trades it reclaimed 8200 mark level at intraday. Since opening trades it witnessed sub-dude trade after stunning performance from Nifty during the last week.
In overseas stock markets, European stocks were mixed, with the prospect of a US interest rate hike coming sooner rather than later prompting investors to avoid aggressive bets. In Asia, Japanese stocks edged higher as the yen weakened against the dollar.

The 50-share Nifty resumed higher at 8,166.50 and moved in a range of 8,200 and 8,150.80 before ending at 8,178.50, showing a rise of 21.85 points or 0.27 per cent.
On the sectoral front, Metal rose by (1.82 pct), Auto (1.15 pct), IT (1.12 pct), Infra (0.84 pct), and PSU Bank (0.55 pct).
However, Realty fell by 0.95 pct, FMCG 0.71 pct, Media 0.44 pct, Pvt Bank 0.14 pct and Energy 0.12 pct.

Among the Index gainers were, Hindalco 12.02 pct, Tata Motors 4.30 pct, Coal India 4.00 pct, Tata Power 3.51 pct, Ntpc 3.14 pct, HeroMotco 2.85 pct, TCS 2.46 pct, Dr Reddy 1.80 pct and Infosys 1.56.

While, Bhel fell 5.78 pct, Tata Steel 2.20 pct, Zeel 2.10 pct, Maruti 1.81 pct, HDFC 1.72 pct, Adaniport 1.28 pct and HclTech 1.27 per cent.
790 shares declines, 775 rose, while 79 ruled steady.
Turnover in cash segment fell to Rs 17,002.66 crs from Rs 21,169.20 crs last Friday. A total of 8,896.96 lakh shares changed hands in 73,12,206 trades.
The market capitalisation of NSE stood at Rs 97,76,828 crores.