Nifty settles above 8,000 mark, up 73 points

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Press Trust of India Mumbai
Last Updated : Nov 22 2016 | 6:22 PM IST
Nifty recovered 73.20 points to settle at 8,002 after volatility following fresh buying was seen mainly in Realty, Metal, Media, Auto, FMCG and Finance Service sectors amid bullish global cues.
Investors continued to avoid pumping in fresh money into markets due to demonetisation concerns and strengthening of dollar. They maintained cautious stance ahead of Federal Reserve's policy meeting next month.
Overseas, stocks rose in the wake of impressive gains in the US markets overnight. The US stocks closed higher at fresh record highs yesterday, aided by a jump in oil prices and a pullback in the dollar, giving the indices their third simultaneous all-time closing highs this year.
The 50-share Nifty opened higher at 7,989.15, moved in a range of 8,019.05 and 7,938.15 before closing at 8,002.30, a rise of 73.20 points, or 0.92 per cent, from its last close.
It saw an intra-day movement of about 80.90 points.
On the sectoral front, Realty rose by 2.99 per cent, Metal 2.94 per cent, Media 2.01 per cent, Auto 1.97 per cent, FMCG 1.18 per cent, Finance Service 1.00 per cent, Pvt Bank 0.73 per cent, Energy 0.62 per cent, IT 0.59 per cent and Pharma 0.49 per cent.
The Index gainers were Hindalco (5.85 per cent), ZeeL (3.55 per cent), Maruti (3.07 per cent), UltraCemCo (3.02 per cent), Bajaj Auto (2.97 per cent), Hindunilever (2.95 per cent) and HeroMotoco (2.88 per cent).
The laggards list included Bhel (3.49 percent), Larsen (1.36 percent), GAIL (1.50 per cent), PowerGrid (0.70 per cent), NTPC (0.52 per cent) and Dr Reddy (0.30 per cent).
A total of 990 scrips advanced, 629 declined while 69 remained unchanged. Total securities that hit their price bands were 126.
Turnover in the cash segment fell to Rs 18,359.60 crore, from Rs 19,467.27 crore as on Monday.
A total of 8,828.41 lakh shares changed hands in 81,20,495 trades. The market capitalisation of NSE stood at Rs 1,01,52,838.84 crore.

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First Published: Nov 22 2016 | 6:22 PM IST

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