Nifty snaps 2-day losing run, up 3 pts in volatile trade

Bouncing back towards the fag-end of the session in an otherwise choppy trade, NSE benchmark Nifty today closed 3 points higher with gains in IT, PSU and banking stocks, tracking a higher opening in the European markets.
Sentiment remained mixed ahead of expiry of August derivatives and a speech by the US Federal Reserve Chief Janet Yellen.
Overseas, European stocks extended gains, buoyed by euro zone's August PMI that came in at a seven-month high. Markets are in wait-and-see mode ahead of a speech on Friday by US Federal Reserve chair Janet Yellen at Jackson Hole and clues about the timing of the next US interest rate hike.

Nifty 50 index today rose 3.45 points or 0.04 per cent to settle at 8,632.60.
On sectoral front, IT rose 1.64 per cent, followed by Media (0.77 per cent) and PSU Bank (0.40 per cent).
However, Nifty Energy fell 1.18 per cent followed by FMCG 0.95 per cent, Pharma 0.56 per cent, Metal 0.44 per cent, Infra 0.38 per cent, Realty 0.33 per cent and Auto 0.13 per cent.

Notable Index gainers were, Idea, Bank of Baroda, HCL Tech, Infosys, TCS, Infratel, Zeel and Asianpaints.
While, notable laggards were BHEL, BPCL, Tata Power, NTPC, AuroPharma, Bajaj Auto, TataMtrDvr and UltraCemCo.

A total of 866 scrips declined, 735 gained, while 86 were unchanged. Total securities that have hit their price band were 113.
Turnover in cash segment rose to Rs 18,395.64 crore from Rs 18,165.34 crore yesterday.
A total of 9,661.63 lakh shares changed hands in 77,22,711 trades. The market capitalisation of NSE stood at Rs 107,30,288.19 crore.