Nifty ends at record high as banking, FMCG stocks gain

The Nifty today gained 75.60 points to close at life-time high of 9,891.70 as banking, oil and FMCG stocks advanced.
The benchmark index of National Stock Exchange continued its record setting spree for the fourth consecutive session as low inflation bolstered the hopes of rate cut by the Reserve Bank.
Also, a dovish statement from Federal Reserve Chair Janet Yellen on further rate hike and overcoming the fears of disruption due to introduction of GST bolstered sentiment, brokers said.
The Nifty opened higher at 9,855.80 and moved in a range of 9,897.25 and 9,853.45 before ending at 9,891.70, showing gain of 75.60 points, or 0.77 per cent.

Among Nifty scrips, 37 advanced and 13 declined.
Broader markets lagged momentum in comparison to key indices as the Nifty Midcap and Smallcap indices ended the day with small gains of 0.30 per cent and 0.12 per cent, respectively.

Major index gainers were Yes Bank (4.33 per cent), ITC (3.16 per cent), Hindalco (2.39 per cent), ICICI Bank (1.78 per cent), Bharti Airtel (1.98 per cent), Larsen and Toubro (1.41 per cent) and Reliance Industries (1.23 per cent).
Losers included ONGC, Indian Oil Corp, InfraTel AsianPaint, Eicher Motor and Tata Motors that fell up to 2.69 per cent.
A total of 846 scrips advanced, 846 declined, while 71 remained unchanged. Total securities that hit their price bands were 127.

Turnover in the cash segment rose to 28,366.74 crore from Rs 25,076.90 crore, yesterday.
A total of 14,305.47 lakh shares changed hands in 9,782,261 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,29,23,018.87 crore.