Nifty ends above 7,600-level after two months, gains 92 pts

Sustained buying by operators in view of persistent foreign capital inflows coupled with higher global advices pulled up the Nifty by another 92 points to close above the 7,600-level after two months at 7,604.35.
Shares of Metal, IT, Auto, Finance services, Banking and Realty sectors firmed up on good buying enquiries.
814 shares firmed up, 753 declined while 72 ruled steady.
The 50-share Nifty resumed higher at 7,534.65 and moved in a range of 7,613.60 and 7,517.90 before ending above 7,600 level after more than two months at 7,604.35, showing a gain of 91.80 points or 1.22 per cent.
The Nifty had last ended at 7,601.35 on January 8, 2016.

Foreign funds continued their buying spree as FPI/FII bought shares worth Rs 744.49 crs yesterday as per the provisional figures issued by stock exchanges.

Firm Asian cues on dovish Federal Reserve stances mainly boosted the market sentiment.
Strengthening rupee, best placed macro fundamentals amid expectation of RBI rate cut after data of lower retail inflation played supportive role.
Major gainers were VEDL (7.01 pct), Hinalco (5.19 pct), ACC (4.99 pct), TCS (3.14 pct) and Gail India (3.13 pct).
However, Lupin fell by 7.16 pct, Sun Pharma 1.36 pct, BPCL 0.92 pct, Power Greed 0.83 pct and Maruti 0.39 pct.
Turnover in cash segment rose to Rs 18,911.93 crs from Rs 17,584.03 crs yesterday. A total of 9,402.74 lakh shares changed hands in 77,62,475 trades.

The market capitalisation of NSE stood at Rs 91,02,990 crore.