Nifty pares gains to end modestly higher, up 14 points

The benchmark Nifty pared most of its midsession gains to end modestly higher 13.80 points in highly choppy trade to finish at 7,856.55.
The market opened flat and declined further on initial weakness in Asian markets, but witnessed a rebound following reversing trends seen in Asian stocks and higher European opening.
The sentiment also supported by the government implementation of seventh Central Pay Commission (CPC) recommendations, which would trigger consumption boom and growth, as hectic buying led the key index surging to an high of 7,906.95 during intra-day.
Late afternoon saw the bourses shedding all the sessions gains on profit-booking amid renewed geopolitical worries as the key index ending with modest gains.

Buying was mainly led by heavyweights in Energy, IT, Auto and Infra counters, supported by secondline midcap and smallcap shares. While, FMCG, Banking and Financial segments witnessed profit-booking.
The 50-share Nifty opened flat at 7,841.90 and hovered between a high of 7,906.95 and a low of 7,817.80 before closing at 7,856.55, showing a modest gain of 13.80 points, or 0.18 per cent.

Stock wise, major gainers were GAIL (9.96 per cent), Wipro (2.33 per cent), Bank Of Baroda (2.26 per cent), Dr Reddy (2.19 per cent), IDEA (2.06 per cent), M&M (1.79 per cent), Maruti (1.88 per cent) and TCS (1.52 per cent).

Notable losers were SunPharma (2.24 per cent), ITC (2.16 per cent), Hindalco (1.53 per cent), HeroMotoco (1.04 per cent) and Tata Motors (1.01 per cent).
Turnover in cash segment climbed to Rs 17,019.69 crore from Rs 15,315.55 crore yesterday. A total of 9,228.77 lakh shares changed hands in 74,00,122 trades.
The market capitalisation of NSE stood at Rs 95,81,059 crore.