Nifty reclaims 8,000-level on new derivative series

The market rallied on new derivative series on buoyant note to end stronger for the second consecutive session by 53 points, while reclaiming the crucial 8,000-level at the National Stock Exchange (NSE).
Investors back in action amid soothing news from stabilising Chinese market as well as smart overnight rally in the US stocks amid positive economic data reducing the concerns of global growth.
The session saw the key index once-again witnessing a gap-up opening and rising smartly amid buying in IT and Energy counters to an high of 8,091.80, while profit-booking in key Pharma, PSU banks sectors during afternoon reducing the rally momentum, it ended the session with noteworthy gains.

Elsewhere, Asian stock ended higher with China market with 4.82 per cent higher, while European stocks trading lower.
Sector-wise, IT rallied by 1.68 per cent, followed by Energy (1.22 per cent), Infra (1.03 per cent) and Auto (0.89 per cent).
While, the second-line shares of midcap and smallcap witnessed profit booking.

The broader 50-share Nifty opened gap-up at 8,053.70 and hovered between a high of 8,091.80 and a low of 7,961.65 before closing at 8,001.95, showing a gain of 53 points, or 0.67 per cent, over its last close.
Stock-wise, major gainers were VEDL (5.92 per cent), ONGC (5.80 per cent), Cairn (4.56 per cent), Zeel (4.53 per cent), BhartiAirtl (4.38 per cent), Infy (2.61 per cent) and Tata Motors (1.80 per cent).

Turnover in the cash segment dropped to Rs 18,880.16 crore as compared to Rs 26,116.85 crore yesterday.
A total of 8,993.05 lakh shares changed hands in 8,509,101 trades and the total market capitalisation of NSE stood at Rs 9,551,135 crore.