Nifty ends higher by 37 pts; RIL, IT surge

Market gained for third session in a row to mark near two month highs amid buying in heavy-weights of energy, IT and FMCG counters lifting the benchmark Nifty by 36.90 points to finish at 8,275.05 at the National Stock Exchange (NSE).
The markets witnessed range-bound positive momentum gradually sidelined its dullness amid buying in Energy major Reliance on its highest ever quarterly net profit as well as Q1 results of key index IT constituent HCLTech shares which rallied despite posting 2.7 per cent dip in consolidated net profit for the September quarter due to bullishness on the quarters ahead on the back of a strong deal in pipeline.

However, metal stocks were under pressure on China weak IIPs and lacklustre GDP growth, though the key index ended substantially green.
Buying was also seen in Realty, Pharma, Media and FMCG counters, also supported by shares of Midcap and Smallcap companies.
However, Metal, Auto and PSU banks witnessed profit booking.
The 50-shares broader index opened 8,262.55 and hovered in a range of 8,283.05 and 8,239.20 before ending at 8,275.05, showing a gain of 36.90 point or 0.45 per cent.

Elsewhere, Asian stocks ended mixed, while European market also trading mixed as China's GDP growth slow down in its latest economic data.

Stockwise the major gainers were Reliance 5.63 per cent, BhartiArtl 4.02 per cent, HCL Tech 1.97 per cent, Dr Reddy 1.94 per cent, SunPharma 1.86 per cent and Infy 1.56 per cent.
Notable losers were, ONGC 2.37 per cent followed by Tata Motors 1.94 per cent, Ultracemco 1.89 per cent, Adani Ports 1.85 per cent and Tata Steel 1.78 per cent.
Turnover in the cash segment declined to Rs 15,160.13 crore from Rs 15,372.03 crore last Friday. A total of 8,036.92 lakh shares changed hands in 65,09,848 trades and the market capitalisation of NSE stood at Rs 98,54,565 crore.