Nifty recovers by 13 points

NSE Nifty ended marginally higher by 13 points amid a strong bout of volatility, tracking positive global cues on the back of fresh buying in Media, Energy, FMCG, PSU Bank and Realty counters.
However, IT and auto stocks showed weakness.
Overseas, most European shares were trading higher as strength in financials and commodity-related stocks continued to underpin the region's equity markets.
Asian stocks were trading higher after a key indicator of China's private manufacturing showed robust gains in December 2016. Japan was closed for an extended New Year holiday.
The NSE 50-share Nifty index opened higher at 8,196.05 and hovered in a range of 8,219.10 and 8,148.60 before ending at 8,192.25, showing a modest rise of 12.75 points or 0.16 per cent.

It saw an intra-day movement of about 70.50 points.

On the sectoral front, Auto fell by 0.29 per cent and IT 0.05 per cent.
Media rose by 1.75 per cent, Energy 1.20 per cent, FMCG 0.74 per cent, PSU Bank 0.62 per cent, Pvt Bank 0.49 per cent, Realty 0.46 per cent, Bank 0.37 per cent, Metal 0.36 per cent and Infra 0.91 per cent.
Major Index gainers were Power Grid (2.40 per cent), Bhel (1.88 per cent), Coal India (1.75 per cent), Axis Bank (1.68 per cent) and Yes Bank (1.59 per cent).
However, Bharti Airtel fell by 2.11 per cent, followed by Idea (2.07 per cent), Hero Motocorp (1.45 per cent), Bosch (1.41 per cent) and UltraTech Cement (1.32 per cent).

A total of 1,167 scrips advanced, 472 declined while 61 remained unchanged. Total securities that hit their price bands were 118.
Turnover in the cash segment rose to Rs 15,711.89 crore from Rs 13,590.33 crore yesterday.
A total of 8,493.17 lakh shares changed hands in 6,770,077 trades. The market capitalisation of NSE stood at Rs 10,549,925.62 crore.