Nifty reclaims 10,100 mark as banking, FMCG stocks rebound

The broader Nifty today rebounded by 132.60 points to reclaim the 10,100-level after value-buying in banking, media, metal, auto and FMCG stocks amid easing fears over global trade war and positive cues from European markets.

The 50-share index closed at 10,130.65 points, up by 132.60 points or 1.33 per cent. The index hovered in a range of 10,143.50 to 9,958.55 in day trade.

Global equities recovered from losses after reports that the US and China have quietly started negotiations to improve the US access to Chinese markets.

Investors are now focussing on the fiscal deficit data to be released on Wednesday.

Overseas, European stocks were trading higher, while the Asian stocks ended mixed on hopes that talks between the US and China could prevent any escalation of the trade dispute between the two countries.

Sector-wise, PSU Bank climbed by 4.94 per cent, Media 3.34 per cent, finance Service 2.35 per cent, Bank 2.24 per cent, metal 2.14 per cent, Private Bank 1.91 per cent, Auto 1.54 per cent, Infra 1.43 per cent, Realty 1.18 per cent, FMCG 1.00 per cent, Pharma 0.76 per cent and energy 0.31 per cent.

On the other hand, IT eased by 0.63 per cent.

Major index gainers were Yes Bank, SBIN, Baj Finance, Zeel, HDFC Bank, TataSteel, Vedl, UPL and Hindalco.

The losers were Wipro, GAIL, HindPetro, Infosys, IOC, Bosch Ltd, AuroPharma, NTPC and Eicher Motors.

The market breadth, indicating its overall health, remained negative as a total of 852 scrips advanced and 997 declined, while 54 remained unchanged. Total securities that have hit their price bands today were 279.

The cash segment turnover ease to Rs 31,018.64 crore from Rs 32,450.07 crore as on last Friday.

A total of 17,008.57 lakh shares changed hands in 1,05,58,288 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,39,36,458.65 crore.