Nifty up 33 points on all-round buying, global cues

After a carnage of four consecutive days, benchmark Nifty took a breather today to close above 7,600-mark supported by across-the-board buying, especially in IT, energy, FMCG, metal and bank sectors, amid a rebound in global cues.
Globally, markets (barring Nikkei) recovered after the China mayhem. China's Shanghai gained 2 per cent after a bloodbath yesterday due to yuan devaluation that led a trading halt. Hang Seng rose 0.6 per cent while Nikkei fell 0.4 per cent. European markets were also marginally higher.
The 50-share Nifty resumed higher at 7,611.65 and hovered in a range of 7,634.10 and 7,581.05 before ending at 7,601.35, a rise of 33.05 points, or 0.44 per cent.

The 50-share benchmark nosedived yesterday by whopping 172.70 points to a level not seen since September 7, 2015.
Among the sectoral front, realty rose by 2.67 per cent, followed by energy (1.56 per cent), IT (1.16 per cent), bank (0.43 per cent), FMCG (0.51 per cent), metal (0.47 per cent), pharma (0.31 per cent) and infra (0.25 per cent).
The mid-cap and small-cap indices outperformed the Nifty, rising by 1.21 per cent and 1.52 per cent, respectively.

Major index gainers included Tata Power (3.54 per cent), Tata Motors (2.85 per cent), PowerGrid (2.57 per cent), IndusInd Bank (2.33 per cent), TechM (2.22 per cent) and ONGC (2.03 per cent).

However, Cipla fell by 2.37 per cent, followed by L&T (2.26 per cent), Bajaj Auto (1.79 per cent), Coal India (1.62 per cent), Adani Ports (1.47 per cent), Hero MotoCorp (1.27 per cent), HUL (1.21 per cent) and Maruti (1.03 per cent).
Turnover in cash segment slipped to Rs 15,936.70 crore from Rs 18,650.32 crore yesterday.
A total of 9,455.30 lakh shares changed hands in 72,85,041 trades.
The market capitalisation of NSE stood at Rs 95,55,747 crore.