Nifty bounces back by 56 pts to end at 9,085

Benchmark Nifty snapped its three-session losing streak to finish 55.85 points higher to close at 9,085 following good bouts of value buying in energy, metal and auto counters amid recovery in global markets.
The key indices resumed positive with investors turning bullish over recovery in Asian markets, while smart bounce-back in energy, commodities, auto and financial shares amid scattered buying in other counters helped the market to end with handsome gains.
The broader midcap and smallcap companies shares outperformed the key indices.
Asian markets ended higher with focus now on a crucial congressional vote on US healthcare reform later in the day.

While, European stocks were trading lower in cautious trade, as markets were still jittery after the terrorist attack perpetrated in London yesterday.
The NSE 50-share Nifty index opened higher at 9,048.75 and hovered between 9,099.05 and 9,048.60 before finishing at 9,086.30, showing a gain of 55.85 points, or 0.62 per cent. It saw an intra-day movement of about 50.45 points.

Sector-wise, energy rose 1.19 per cent, followed by metal (1.11 per cent), commodities (1.01 per cent), auto (0.96 per cent), infra (0.83 per cent) private banks (0.68 per cent), IT (0.63 per cent), pharma (0.62 per cent) and banks (0.55 per cent).

The broader midcap index gained 1.02 per cent and small cap by 0.96 per cent, respectively.
Major gainers were Yes Bank (3.25 per cent), Tata Motors (2.83 per cent), NTPC (2.27 per cent), GAIL (2.14 per cent) and Wipro (1.89 per cent).
Key losers were ITC (0.80 per cent), TCS (0.75 per cent), Eicher Motor (0.68 per cent), HUL (0.33 per cent) and Ambuja Cement (0.15 per cent).
A total of 1,087 scrips advanced, 567 declined, while 80 remained unchanged. Total securities that hit their price bands were 122.
Turnover in the cash segment eased to Rs 24,331.15 crore from Rs 24,598.99 crore yesterday.

A total of 11,536.72 lakh shares changed hands in 8,369,919 trades. The market capitalisation of NSE stood at Rs 11,820,481 crore.