Nifty surges 106 pts,regained 7,900 mark on upbeat global cues

Nifty rallied by 105 points, regaining 7,900-mark to rise by 1.35 per cent, recording its biggest single-day percentage gain in three weeks on upbeat global market and a bigger-than expected rate cut by the Central bank yesterday, continued to boost the sentiments.
All sectors were in the green with the exception of bank stocks that saw some profit taking.
FMCG, Energy, Auto and Pharma stock were in limelight.
Shares of Mid-cap and Small-cap also witnessed firm buying by 1.91 and 1.17 percent, respectively.
The 50-share Nifty traded between a high of 7,957.70 and a low of 7,874.50 before closing at 7,948.90, showing a smart rise of 105.60 points, or 1.35 pct, from previous close.

In Asia, Japanese stocks rose on expectations for more monetary and fiscal stimulus after the latest data showed that Japanese industrial output fell unexpectedly for the second straight month in August. Chinese stocks nudged higher after a private consumer sentiment index reached its highest level in over a year in September 2015.

European stocks also edged higher in early trade.
Top five gainers were: Cairn by 6.44 per cent, Idea 6.23 per cent, Tata Steel 6.21 per cent, Gail 4.90 per cent and Bharti Airtel by 4.68 per cent.
Other notable gainers were Hindalco, Asian Paints, BHEL, Hindustan Unilever and Power Grid.

Key losers were, Bank of Baroda, Tech Mahindra, SBIN, Tata Power, Axis Bank, PNB, Yes Bank, Ultra Cement and Vedl.
Turnover in the cash segment eased to Rs 20,156.03 crore against Rs 20,553.62 crore yesterday. A total of 9,010.36 lakh shares changed hands in 86,95,839 trades, while market capitalisation stood at Rs 94,91,609 crore.