Nifty rebounds 99 pts to breach 9,200-level

Benchmark Nifty rallied 98.55 points to close above the psychological 9,200-level, bolstered by the early trend in French elections and buying ahead of key quarterly results.
Global markets reassured as pro-market and centrist Emmanual Macron won the first round of the French Presidential elections.
The NSE 50-share index opened higher at 9,135.35 and hovered between 9,225.40 and 9,130.55 before concluding at 9,217.95, showing a gain of 98.55 points, or 1.08 per cent. It saw an intra-day movement of 94.85 points.
Most Asian markets ended higher and European stocks started strong after the Pro-EU centrist Emmanuel Macron is leading far-right candidate Marine Le Pen in the French presidential election.

Realty climbed by 2.40 per cent, followed by PSU bank 1.44 per cent, banks 1.42 per cent, infra 1.27 per cent, pvt banks 1.26 per cent, auto 1.21 per cent, metal 0.70 per cent, energy 0.65 per cent, IT 0.50 per cent and FMCG 0.49 per cent.
While, media lost 0.58 per cent and pharma 0.30 per cent.

The broader mid-cap and small-cap also gained 0.62 per cent and 1.19 per cent, respectively.
Major index gainers were ACC surged (7.46 per cent), Grasim (4.46 per cent), UltraCem (4.10 per cent), GAIL (3.30 per cent) and Ambuja Cement (3.05 per cent).

The losers included Lupin (3.29 per cent), Cipla (1.31 per cent) and AuroPharm (0.92 per cent).
A total of 988 shares advanced and 697 declined while 94 ruled steady.
Total securities that hit their price bands were 134.
Turnover in the cash segment rose to Rs 25,927.14 crore, from Rs 25,406.30 crore last Friday.
A total of 14,207.29 lakh shares changed hands in 9,079,332 trades. The market capitalisation of listed of firms stood at Rs 12,258,465 crore.