Nifty hits 3-week high on buying; TCS soars on result eve

Shares posted marginal gains on the back of select buying, especially in top IT firm TCS ahead of its Q2 result, as the benchmark CNX Nifty today scaled the 6,100 mark and ended at more than three-week high on NSE.
After smart Q2 numbers from India's second-largest software exporter Infosys, all eyes are on TCS, the country's largest IT firm which will announce its July-September result tomorrow. The TCS stock hit record high today.
Besides IT stocks, bank and services counters also attracted good buying interest.
The 50-issue Nifty moved in a narrow range of 6,124.10 and 6,082.90 before ending at 6,112.70, posting a moderate rise of 16.50 points, or 0.27 per cent, over last close.

The top five gainers from the Nifty pack were TCS at 4.27 per cent, Ambuja Cement (2.85 per cent), Wipro (2.63 per cent), ACC (2.36 per cent) and Infosys (1.52 per cent). The top five laggards were Hindalco at 3.19 (per cent), Asian Paint (2.98 per cent), Tata Steel 2.05 (per cent), GAIL India (1.84 per cent) and Cipla (1.70 per cent).
Asian and European stocks ended mixed with downward bias, weighed by weak economic data from China as American lawmakers struggled over an accord to raise the nation's debt limit and restore Government operations.
Turnover in the cash segment dropped to Rs 9,749.26 crore from Rs 12,427.52 crore last Friday. A total of 5,385.46 lakh shares changed hands in 47,22,207 trades, while market capitalisation stood at Rs 65,25,912 crore.