Nifty fails to hold on to 8500 level, ends up 63 points

The Nifty moved up 63 points to 8,497 on buying push, mainly in PSU bank and pharma stocks, after global indices cheered the news that US FBI will not press charges against Democrat Hillary Clinton in the personal e-mail server probe.
Banking stocks jumped amid a relief rally in global peers after the reprieve from the Federal Bureau of Investigation (FBI).
However, some fag-end profit booking trimmed the intra-day gains as the index failed to hold on to the 8500 level as investors still stayed cautious ahead of the US elections on November 8.
Overseas, European and Asian stocks edged higher as Clinton's bid for the White House gained new momentum.

The 50-share Nifty opened higher at 8,535.85, moved in a range of 8,535.85 and 8,481.45 before ending at 8,497.05, a rise of 63.30 points, or 0.75 per cent, from its last close.
It saw an intra-day movement of about 54.40 points.

On the sectoral front, PSU banks climbed (3.86 per cent) followed by pharma (2.01 per cent), metals (2 per cent), realty (1.64 per cent) and FMCG (1.19 per cent).
The index gainers were Lupin (6.88 per cent), Hindalco (5.51 per cent), Auro Pharma (5.38 per cent), SBI (4.06 per cent), Bank of Baroda (3.86 per cent), ITC (3.35 per cent), ICICI Bank (3.13 per cent) and BHEL (3.12 per cent.

The laggards list included Infra Tel (2.38 per cent) TataMtrDvr (2.32 percent), TCS (2.30 per cent), Larsen (1.54 per cent) and HUL (1.22 per cent).
A total of 1,196 scrips advanced, 452 declined while 56 remained unchanged. Total securities that hit their price bands were 106.
Turnover in the cash segment fell to Rs 21,403.01 crore, from Rs 23,946.66 crore as on last Friday.
A total of 8,338.86 lakh shares changed hands in 80,72,500 trades. The market capitalisation of NSE stood at Rs 1,08,69,000.33 crore.