Nifty rebounds 53 points ahead of corporate results

The NSE Nifty rebounded from last two session of losses by 52.55 points to close at 8,288.60 on buying interest led by key Auto, Metal, Energy, FMCG and Infra stocks despite caution ahead of key corporate results.
The key indices resumed positive and trade in narrow range till late afternoon, later it consolidated its gains on value-buying as well as short covering with buying interest witnessed in most of the sectors barring realty counter.
The broader markets maintained out-performance with both midcap and smallcap shares gaining substantially.
Overseas, European stocks edged lower amid concerns over the Italian banking system.
Asian stocks ended mixed amid lacklustre closing on the Wall Street and sharp slide in oil prices overnight.

The NSE 50-share Nifty index opened higher at 8,262.70 and hovered in a range of 8,293.80 and 8,261.00 before ending at 8,288.60, showing a rise of 52.55 points or 0.64 per cent.

It saw an intra-day movement of about 32.80 points.
On the sectoral front, Metal rose by 1.44 per cent, Auto 1.27 per cent, Energy 0.90 per cent, Infra 0.70 per cent, FMCG 0.81 per cent, Infra 0.70 per cent and Bank 0.67 percent.
While, only realty fell further by 0.28 per cent.
Major index gainers were Hindalco (4.05 percent), Adani Ports (3.23 per cent), Tata Motors (3.22 per cent), TataMtrDvr (2.71 per cent), Tata Steel (2.35 per cent) and ITC (1.26 per cent).

However, Grasim fell by (1.21 per cent), Axis Bank (1.19 per cent), ACC (0.62 per cent), Ambuja Cement (0.62 per cent) and Dr Reddy (0.60 per cent).
A total of 976 scrips advanced, 636 declined while 85 remained unchanged. Total securities that hit their price bands were 102.
Turnover in the cash segment jumped to Rs 17,867.45 crore from Rs 14,510.43 crore last Monday.
A total of 9,112.65 lakh shares changed hands in 7,465,144 trades. The market capitalisation of NSE stood at Rs 10,719,760 crore.