Nifty recovers 51 pts, ends above 8,200

The Nifty 50-share index shrugged off initial volatility and ended above the 8,200-mark following fresh buying mainly in Auto, IT, Energy, FMCG and PSU Bank counters amid higher global cues, ahead of the upcoming policy meeting of the US Federal Reserve.
Sustained selling was seen in Realty, Media and Metal stocks.
Overseas, European stocks edged higher ahead of the much-awaited US Fed's monetary policy statement due tomorrow.
Asian stocks were mixed. In mainland China, the Shanghai Composite settled 0.07 per cent higher and the Hang Seng ended 0.06 per cent higher. Industrial production in China rose unexpectedly last month.
Back home, the Nifty opened higher at 8,196.15 and moved in a range of 8,228.85 and 8,155.80 before ending at 8,221.80, showing a gain of 51 points or 0.62 per cent.

It saw an intra-day movement of about 73.05 points.

On sectoral front, Auto rose by 1.14 per cent, IT by 1.05 per cent, followed by Energy (0.89 per cent), FMCG (0.89 per cent), PSU Bank (0.61 per cent), Pharma (0.48 per cent), Infra (0.44 per cent) and Nifty Bank (0.40 per cent).
However, Realty dropped by 1.19 per cent, Media 1.15 per cent and Metal 1.06 per cent.
Major index gainers were Tech Mahindra (3.23 per cent), Tata Motors (3.58 per cent), BPCL (2.75 per cent), Wipro (2.25 per cent), Tata Motors DVR (2.10 per cent) and Axis Bank (1.81 per cent).

The laggards included UltraTech Cement (2.76 per cent), Hindalco (2.75 per cent), Zee (2.32 per cent), BHEL (1.61 per cent), Grasim (1.30 per cent) and GAIL (1.17 per cent).
A total of 824 scrips declined 786 advanced while 81 remained unchanged. Total securities that hit their price bands were 84.
Turnover in the cash segment rose to 18,050.07 crore from Rs 13,324.58 crore as on Monday.
A total of 7,956.45 lakh shares changed hands in 7,325,395 trades. The market capitalisation of NSE stood at Rs 10,563,443.68 crore.