Nifty snaps eight session losing spree, rally 151 pts

The benchmark Nifty snapped its eight session fall as the continuous bouts of value buying led the index to close higher by 8,492.30 at the National Stock Exchange (NSE).
The eight session protracted fall in indices led to investors resorting to value buying in recently hammered stocks well supported by higher global peers.
The bullish session also contributed by current heavily truncated trading week as the market would be open up to Wednesday due holidays on Thursday and Friday on account of 'Mahavir Jayanti' and 'Good Friday'.
The broad-based 50-share Nifty witnessed a gap-up opening 8,390.95 and hovered between 8,504.55 and 8,380.75 before ending at 8,492.30, showing a gain of 150.90 points, or 1.81 per cent.

All the counters ended in green, while broader Mid-cap and Small-cap out-performing key indices rising over 3 per cent.
Buying was mainly led by Infra 2.51 per cent, Realty 2.08 per cent, Banks 1.76 per cent, Financials 2.23 per cent, PSU banks 1.61 per cents, FMCG 1.90 per cent, Auto 1.65 per cent, IT 1.11 per cent, Metal 1.55 per cent, Pharma 0.92 per cent, Energy 0.83 per cent.

Stockwise, Idea rallied by 6.21 per cent, Ultracem 5.08 per cent, Asian Paint 3.77 per cent, HDFC 3.44 per cent, BhartiAirtl 3.43 per cent, ONGC 3.36 per cent, ITC 3.17 per cent, Axis Bank 3.14 per cent, L&T 3.04 per cent, Lupin 2.26 per cent, HDFC Bank 2.19 per cent, TCS 1.96 per cent and SBIN 1.63 per cent.

Turnover in the cash segment fell to Rs 14,148.38 crore against Rs 18,025.66 crore last Friday. A total of 7,757.43 lakh shares changed hands in 64,57,495 trades. The market capitalisation at NSE stood at Rs 99,06,299 crore.
Elsewhere, Asian markets ended higher on signs of further monetary easing from China.
Meanwhile, Foreign Portfolio Investors (FPIs) sold shares worth a net Rs 320.52 crore last Friday as per provisional data.