Nifty gains for fifth session, up 34 points

The benchmark Nifty extended its gains for fifth consecutive session by garnering 33.60 points in the midst of choppiness to end above the key 8,150-level at the National Stock Exchange (NSE).
The market opened highly positive on firm Asian cues amid prospect of fading US interest rate hike this year taking the key index to days high of 8,180.95 was soon to be bridled by news of sluggish September PMI data of Nikkei manufacturing and Services sectors as well as Business Activity Index, which fell on "tough economic conditions weighed on growth, led to the erasing of entire gains.
Late afternoon saw the sentiments once again perked-up on Prime Minister Narendra Modi's speech to Indian and German businesses hoping that government would roll out a new GST in 2016, following which buying escaleted amid tinge of consolidation and shortcovering took the market to end green.

Buying was witnessed FMCG, Metal, Energy, Commodity, Auto, Pharam and realty counters, also supported by secondline shares of midcap and smallcap counters.
While, IT, media, financials and banking witnessed profit booking.
The 50-share Nifty opened higher at 8,180.45 and hovered between a high of 8,180.95 and low of 8,096.50 before ending at 8,152.90, showing a gain of 33.60, or 0.41 per cent over its previous close.

Elsewhere, Asian stocks ended higher, while European markets reversed initial losses triggered by disappointing German manufacturing orders data.
Stockwise, major gainers were Tata Motors, ITC, Coal India, Cipla, GAIL, VEDL, SunPharma and Reliance.
While, notable losers were BHEL, Infy, Ultracemco, NTPC, Axis Bank, Yes Bank, HCL Tech and M&M.

Turnover in the cash segment were eased to Rs 18,408.13 crore against Rs 18,698.45 crore yesterday. A total of 9,745.68 lakh shares changed hands in 81,29,026 trades, while market capitalisation stood at Rs 97,29,798 crore.