Nifty ends flat, marginally up by 2 pts

The NSE Nifty managed to end positive for the sixth consecutive session gaining marginally by 2 points in highly volatile trade.
The market witnessed range-bound bearish momentum most of the session on investor caution ahead of key IIP data to be released after the market hours today, but country's improved ratings by Moody's from stable to positive amid value buying helped the market to end up green.
Buying was witnessed mainly in prime lenders banks and Infra counters, while Banking, Financials and Pharma segments saw profit booking.
Indexwise PSU Banks gained 1.60 per cent, Infra 0.84 per cent, Energy 0.60 per cent, Metal 0.60 per cent, realty 0.63 per cent and Auto 0.63. While the broader market outperformed the indices to gain with Midcap rising by 1.29 per ent and SmallCap by 0.51 per cent.

The 50-share Nifty opened slightly lower at 8,774.35 and moved between 8,787.40 and 8,733.60 before finishing at 8,780.35, showing a marginal gain of 2.05 points, or 0.02 per cent.
Stock-wise, IDEA rallied by 4.48 per cent, SSLT 3.96 per cent, NMDC 2.27 per cent, IDFC 2.21 per cent, SBIN 1.74 per cent and Reliance 1.03 per cent.

Notable losers were Zeel 2.79 per cent, Lupin 2.56 per cent, Cipla 2.54 per cent, TechM 1.52 per cent and Hindalco 1.43 per cent.
Turnover in the cash segment fell to Rs 18,327.94 crore against Rs 21,112.15 crore yesterday, A total of 9,328.91 lakh shares changed hands in 83,87,662 trades. The market capitalisation at NSE stood at Rs 10,350,537 crore.

Elsewhere, Asian markets ended mixed today and European stocks opened higher.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 193.81 crore yesterday as per provisional data.