Nifty extends rally, reclaims psychological 8,200-level

The CNX 50-share Nifty extended its rally to reclaim psychological 8,200-mark for the first time since August 21, ending higher in a late surge by 58.65 points led by persistent buying mainly in banking, infra, auto and energy sectors on the back of positive global cues.
The Nifty hit 8-week high when it jumped 66.90 points or 0.81 per cent at the day's high of 8,246.40 towards the fag end of the trading session.
It resumed higher at 8,193.65 and hovered in a range of 8,246.40 and 8,147.65 before ending at 8,238.15, showing a gain of 58.65 point or 0.72 per cent. The CNX Nifty had last ended at 8,299.95 on August 21, 2015.

Globally, the markets remained strong as concerns around a Fed rate hike faded. All Asian benchmarks barring Kopsi ended in green as investors bet on possibility of further stimulus measures from Japan and China. European markets were trading positive in early trade.
Sectoral gainers were banking 87.45 per cent, followed by energy 76.80 per cent, auto 73.25 per cent, pharma 34.95 per cent and media 19.35 per cent.
Among the gainers, Larsen was up 2.85 per cent, SBIN 2.37 per cent, BPCL 2.03 per cent, Yes Bank 1.85 per cent and Maruti 1.66 per cent.
Notable losers were, Lupin 2.09 per cent followed by Adaniports 1.61 per cent, Idea 1.31 per cent, Bank of Baroda 1.22 per cent and Tata Steel 0.92 per cent.

Turnover in the cash segment eased to Rs 15,372.03 crore from Rs 15,892.79 crore yesterday. A total of 7,904 lakh shares changed hands in 66,36,226 trades and the market capitalisation of NSE stood at Rs 97,96,004 crore.