Nifty gains 37 points on positive global cues

Nifty gained further by 37 points with Nifty ending at a fresh 11-month closing high after two-day consolidation tracking positive global cues and across the board buying mainly supported by pharma, energy, infra and FMCG stocks.
In overseas markets, Asia stocks ended on a mixed note. European stocks extended gains, pushed higher by a rally in technology stocks as markets digested a slew of earnings, but mining stocks underperformed. Germany's DAX and France's CAC were trading up over 1 percent while Britain's FTSE was up 0.3 per cent.
The 50-share Nifty resumed lower at 8,515.45 and hovered in a range of 8,569.90 and 8,512.55 before closing at 8,565.85, showing a net gain of 37.30 points, or 0.44 per cent from its last close.

In sectoral front, Nifty Pharma rose by 2.39 per cent, followed by Energy (1.05 per cent), Infra (0.57 per cent), FMCG (0.54 pc), Bank (0.33 pct) and Metal (0.28 per cent).
Index gainers included, Aruobindo Pharma (4.91 per cent), Coal India (3.23 per cent), Bhel (3.11 per cent), Tata Power (2.77 per cent) and Dr Reddy (2.53 pct).
While, Wipro fell by (1.89 pct), followed by Hindalco (1.52 per cent), Axis Bank (1.27 per cent), Tata Motors (1.07 per cent) and Idea Cellular (0.89 per cent).

A total 1,074 stocks advanced, 519 declined, while 81 ruled stable. Total securities that hit their price bands today stood at 111.

Turnover in cash segment rose to Rs 19,180.48 crore from Rs 17,502.86 crore as on Tuesday.
A total of 10,302.44 lakh shares changed hands in 77,05,912 trades. The market capitalisation of NSE stood at Rs 104,62,683.98 crore.