Nifty hit 18-month high, up 133 points ends above 8900 level

The NSE Nifty continued its last week's rally to rose by another 133 points reclaiming 8900 mark, hitting an 18-months high since Mar 2015 driven by across-the-board buying led by banking, auto, realty, metal, energy, infra and FMCG stocks amid positive global cues.
In overseas markets, European stock markets rose following gains in Asian equities. Asian shares gained as prospects for a US interest-rate increase this month remained subdued. US markets were closed yesterday, for "Labour Day".
The 50-share Nifty opened higher at 8,852.70 and surged to a hit a high of 8,950.85 level last seen since March 5, 2015, before finishing at 8,943.00, showing a rise of 133.35 points or 1.51 per cent from its last close.

It witnessed an intra-day movement of about 102.40 pts.
On sectoral front, Auto surged by (2.94 per cent) followed by Pvt Bank (2.94 pct), Bank (2.73 pct), PSU Bank (2.33 pct), Fin.Services (2.18 pct), Realty (1.60 pct), Metal (1.40 pct), Energy (0.93 per cent), Infra (0.90 per cent), FMCG (0.81 per cent) and Media (0.66 per cent).
Notable Index gainers were Tata Motors (7.07 perc ent), Axis Bank (6.12 per cent), TataMtrdvr (6.14 per cent), Yes Bank (3.78 per cent), ICICI Bank (4.36 per cent), Maruti (3.28 pct) and IndusInd Bank (3.20 pct).

While, laggards included Coal India (1.04 per cent), TCS (1.22 per cent), Tata Power (0.63 per cent), UltraCemCo (0.26 per cent) and AuroPharma (0.25 per cent).

A total of 1,033 scrips advanced, 595 declined, while 72 remained unchanged. Total securities that hit their price bands were 105.
Turnover in cash segment rose by Rs 20,693.63 crore from Rs 19,340.22 crore as on last Friday.
A total of 9,613.90 lakh shares changed hands in 81,88,885 trades. The market capitalisation of NSE stood at Rs 1,10,48,769.64 crore.