The NSE Nifty ended almost flat up 1.25 points as investors remained cautious ahead of outcome of the Federal Reserve meeting later today.
Unable to hold on to their gains as selling pressure in the banking, FMCG, energy and pharma stocks dragged indices during the fag end, it was mix trading session where telecom, metal, auto, IT, realty and infra stocks ended with gains helped Nifty to hold on with modest gains amid higher global cues.
In overseas market, European stocks were trading higher after BoJ's new monetary policy measures and ahead of outcome of the Federal Reserve meeting.
Asian markets ended higher with Japanese shares rising nearly 2 per cent after the Bank of Japan announced it would modify its monetary policy framework. The central bank kept its deposit rate unchanged at negative 0.1 per cent, but introduced a new policy of targeting the yield curve.
The 50-share Nifty opened higher at 8,790.30 and moved in a range of 8,826.85 and 8,757.30 before ending at 8,777.15, showing a modest rise of 1.25 pts or 0.01 pct from its last closing of 8,775.90. Nifty witnessed an intra-day movement of about 69.55 points.
On sectoral front, Metal rose by (0.67 pct) followed by Auto (0.21 pct), IT (0.29 pct), Realty (0.29 pct) and Infra (0.10 pct).
However, PSU Bank fell (1.20 pct), FMCG (0.64 pct), Energy (0.18 pct), Pharma (0.13 pct) and Bank (0.12 pct).
Notable Index gainers were Bharti Infratel (4.69 per cent) followed by Eicher Motor (3.29 pct), Hindalco (2.71 pct), Tata Steel (1.15 pct) HUL (1.12 pct), Yes Bank (1.07 pct) and Axis Bank (1.02 pct).
While, PowerGrid fell (1.57 per cent), Bank Of Baroda by (1.41 pct), SBIN (1.30 pct), ITC (1.28 pct), Ambuja Cem (1.05 pct), Bhel (0.99 pct) and ONGC (0.87 pct).
A total of 832 scrips advanced, 799 declined, while 75 remained unchanged. Total securities that hit their price bands were 95.
Turnover in cash segment fell to Rs 18,705.44 crore from Rs 19,327.55 crore as on Tuesday.
A total of 9,394.97 lakh shares changed hands in 79,07,535 trades. The market capitalisation of NSE stood at Rs 1,09,21,168.38 crore.
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