Nifty gains in volatile session, up 14 pts

Market trudged through a volatile session as value-buying in key FMCG, Auto and Metal counters lifted the CNX Nifty to gain for second consecutive session by 13.90 at the National Stock Exchange today.
Concerns over FII sell-off led the indices fall to a low of 5,965.40 after opening higher. Later, firming trend in global market sustained the stock-movement to end higher.
Selling pressure was seen in banking, IT and realty.
Energy major Coal India Ltd was the star performer, gaining by 5 per cent, and recently battered index heavy-weight ITC stocks rose by 1.76 per cent on value-buying.
Mid-cap traded positive while shares of small-cap companies witnessed losses.

Meanwhile, Foreign Institutional Investors (FIIs) sold shares worth Rs 576.20 crore yesterday as per the provisional data issued by the stock exchanges.

The market opened higher on firm Asian cues and traded positive before succumbing to sudden bout of selling pressure to trade below the key psychological 6,000-mark. It continued to fluctuate amid volatility till afternoon.
Late afternoon saw the indices bounce-back on higher European opening to regain most losses to end green.
The 50-share index hovered between a high of 6,048.35 and a low of 5,965.40 before ending at 6,036.30, up 13.90 points, or 0.23 per cent, from its previous close.

Major gainers were Coal India, HUL, Tata Power, NMDC, Cairn, Maruti, M&M, ITC, Grasim and Hindalco.
JP Associates, BHEL, DLF, PNB, Ranbaxy, Axis Bank, Bank of Baroda, SBI, GAIL and L&T witnessed profit-booking.
Turnover in the cash segment rose to Rs 11,483.24 crore from Rs 10,858.60 crore yesterday. A total of 5,574.01 lakh shares changed hands in 57,24,470 trades, while the market capitalisation stood at Rs 65,69,093 crore.