Nifty ends up by 38 pts on hopes of timely arrival of monsoon

Expectation of timely arrival of monsoon pushed up the CNX Nifty by 38 points to close at 8,262.35 on fresh buying in select counters in view of the last day of the week.
The Indian Meteorological Department (IDM) yesterday said that conditions are becoming favourable for advancement of southwest monsoon which boosted the market sentiment.
The CNX Nifty resumed slightly higher at 8,240.30 and hovered in a range of 8,279.20 and 8,212.20 before concluding at 8,262.35, disclosing a gain of 38.15 points or 0.46 per cent.
The CNX Nifty had finished lower by 11.25 points or 0.14 per cent yesterday.

Major gainers were Lupin 3.20 pct, SBI 2.31 pct, Indusin 2.04 pct, HDFC 2.03 pct and M&M 1.78 pct.
However, Bank Of Baroda fell by 2.67 pct, PNB 2.12 pct, NTPC 2.12 pct, VEDL 2.05 pct and HCL Tech 1.23 pct.
Turnover in the cash segment fell to Rs 15,498.06 crs from Rs 16,096.24 crore yesterday.
A total of 7,774.05 lakh shares changed hands in 68,50,814 trades and the total market capitalisation of the NSE stood at Rs 98,31,663 crore.