Nifty ends up 7 pts higher

Bourses gained modestly in a volatile session, as value buying in recently hammered shares amid higher global cues helped the benchmark to gain a modest 7.30 points at the National Stock Exchange (NSE) today.
Trading was bridled by caution due to approaching election results, as every rise in index is hindered by profit-booking.
Banking, Auto, IT and metal counters witnessed buying activity, while FMCG, pharma, energy and realty along with shares of mid-cap and small-cap companies saw selling.
Meanwhile, Foreign Institutional Investors (FIIs) bought shares worth a net Rs 119.11 crore yesterday as per the provisional data from the stock exchanges.

The 50-share index traded between a high of 6,688.40 and a low of 6,638.55 before ending at 6,659.85, showing a gain of 7.30 points, or 0.11 per cent, over its last close.
State-owned BHEL was in limelight, as it surged by 3.28 per cent, CIPLA gained 1.58 per cent, Tata Motors 1.52 per cent and ICICI bank 1.44 per cent.

However, BPCL fell 2.10 per cent, ITC 1.30 per cent, Heromotoco by 1.29 per cent.
Other major gainers included HCL Tech, PowerGrid, Hindalco, Axis Bank, Bank of Baroda and Maruti, While Lupin and Bharati Airtel incurred profit-booking.
Turnover in the cash segment dropped to Rs 11,382.82 crore from Rs 12,965.30 crore yesterday. A total of 5,969.75 lakh shares changed hands in 56,48,569 trades, while market capitalisation stood at Rs 73,21,664 crore.