Nifty ends higher on global rally, up 44 points

Equities recouped to trade positive with the benchmark Nifty rallied by 43.75 points to finish at 8,295.45.
The domestic market was buoyed by higher global cues after European Central Bank indicated that it will come out with new stimulus measures in December.
Earlier, the market opened up on strong Asian cues bolstered by ECB chief signalled more stimulus before the end of the year and traded in positive terrain throughout the session.
The index, though trading in a range also marked above 8,300-level on sentiments supported by firming Rupee and overnight Moody's forecast that India is less exposed to global risk and will clock the highest growth rate of 7-7.5 per cent among G20 economies in 2015 and 2016.

While late profit booking erased some of gains, it substantially ended higher.
Hectic buying was seen in FMCG, Banks, Financials, Pharma, Energy and PSU Banks counters. While Profitbooking was witnessed in Auto, Infra, Media and secondline shares of midcap and Smallcap companies.

The 50-shares broader index opened with upgap at 8,308.25 and traded between a high of 8,328.10 and 8,280.75 before closing at 8,295.45, showing a gain of 43.75 point or 0.53 per cent.
Elsewhere, Asian stocks ended up, also European market were trading higher.
Stockwise, the major gainers were ITC (2.81 per cent), Axis Bank (2.72 per cent), Cairn (2.46 per cent), GAIL (2.26 per cent), NTPC (2.08 per cent), HDFC (1.68 per cent) and SBIN (1.44 per cent).

Notable losers were IDEA (7.54 per cent), followed by BhartiArtl (3.34 per cent), VEDL (2.81 per cent), L&T (2.59 per cent) and Maruti (2.10 per cent).
Turnover in the cash segment declined to Rs 15,587.27 crore from Rs 15,748.61 crore on Wednesday. A total of 8,011.84 lakh shares changed hands in 73,53,401 trades and the market capitalisation of NSE stood at Rs 98,59,049 crore.