Nifty fails to maintain momentum, ends up by mere 2 pts

The NSE Nifty ended higher by mere 2 points to 8,034.85 due to fag-end selling pressure ahead of the expiry of derivatives tomorrow amid mixed global cues.
Overseas, European stocks were trading mixed. Asian stocks too settled on a mixed note. Among economic data in Asia, Japanese industrial production rose 1.5 per cent in November on a seasonally adjusted basis.
The Nifty opened higher at 8,047.55 and moved in a range of 8,100.55 and 8,028.40 before closing at 8,034.85, showing a marginal rise of 2 points or 0.02 per cent.
It saw an intra-day movement of about 72.15 points.
On the sectoral front, Media rose by 1.29 per cent, followed by Realty (1.10 per cent), Pharma (0.66 per cent) and FMCG (0.64 per cent).

However, Energy fell by 0.72 per cent, PSU Bank 0.46 per cent, Metal 0.14 per cent and Auto 0.12 per cent.

Notable gainers were Coal India (2.16 per cent), Bharti Infratel (2.12 per cent), Idea (2.00 per cent), IndusInd Bank (1.76 per cent) and Zee (1.56 per cent).
However, Reliance Industries fell 1.41 per cent, Yes Bank 1.33 per cent, Hindalco 1.25 per cent and Hero MotoCorp (1.10 per cent).
A total of 1,007 scrips advanced, 577 declined while 88 remained unchanged. Total securities that hit their price bands were 110.
Turnover in the cash segment rose to Rs 15,703.92 crore from Rs 14,367.64 crore yesterday.

A total of 7,272.14 lakh shares changed hands in 6,858,424 trades. The market capitalisation of NSE stood at Rs 10,248,270.99 crores.