Nifty reverts to gains, climbs 60 points on FOMC minutes

Equities reverted to its uptrend momentum after its overnight losses amid buying in heavy- weights of Metal, IT, Financials, Banks, Auto, Pharma, Infra, Energy and FMCG counters with benchmark Nifty rising 60.35 points to end well above the key 8,150-levels at the National Stock Exchange (NSE).
The market opened green amid firm Asian cues following overnight rebound in US markets after the release of the last FOMC meeting minutes which optimized the US central bank will not hike rates any time soon.
Buying intensified after positive European opening as well as in the midst of up-beat sentiment, though investors booked some profits PSU banks segments, the index buying pace picked up during late trade lifting the market to end with good gains.

Meanwhile secondline midcap and smallcap shares traded lacklustre.
The 50-share Nifty opened higher at 8,186.35 and moved between 8,232.20 and 8,139.65 before finishing at 8,189.70, showing a rise of 60.35, or 0.74 per cent over its previous close.
Elsewhere, Asian markets ended mostly higher, while European stocks were also trading up.

Stockwise, major gainers were VEDL, Tata Steel, Tata Motors, Infy, ICICI bank, HCL Tech, ONGC and BhartiArtl.
While, notable losers were Coal India, Asian Paint, Bank of Baroda, Maruti and SunPharma.
Turnover in the cash segment were rose to Rs 16,134.02 crore against Rs 15,866.04 crore yesterday. A total of 9,258.84 lakh shares changed hands in 71,45,616 trades, while market capitalisation stood at Rs 97,42,473 crore.