Nifty ends 109 points higher on fag-end buying

The CNX Nifty ended 109 points higher at 8,235.45 on fag-end buying in banking, auto, energy and FMCG sector stocks on the back of higher European cues.
The CNX Nifty resumed higher at 8,185.55, but declined immediately to 8,089.80 on selling pressure as HSBC downgraded Indian equities to underweight from overweight.
However, it recovered afterwards to 8,254.95 before ending at 8,235.45, disclosing a gain of 108.50 points or 1.34 per cent on the back of higher European cues.
Yesterday, it had dropped by 198.30 points or 2.38 per cent.
Among the indices, Bank Nifty rose by 2.66 per cent, Auto (1.64 per cent), Finance (2.55 per cent) and FMCG (1.12 per cent).

Major Nifty gainers were Axis Bank (4.91 per cent), ICICI Bank (3.07 per cent), Gail India (3.04 per cent), Ambuja Cement (2.75 per cent) and IDFC (2.73 per cent).

However, Lupin fell by 3.36 per cent, Hindalco (2.98 per cent), Bharti Airtel (2.30 per cent), NTPC (2.29 per cent) and Zeel (1.07 per cent).
Turnover in the cash segment rose to Rs 18,580.27 crore from Rs 16,692.05 crore yesterday.
A total of 8,144.15 lakh shares changed hands in 80,21,016 trades and the total market capitalisation of the NSE stood at Rs 97,44,801 crore.