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Nifty marginally up by 13.85 points to end at 10,856.70

Press Trust of India  |  Mumbai 

NSE rose marginally by 13.85 points to 10,856.70 led by gains in IT, PSU banks, pharma and stocks, while robust monthly industrial growth data also lifted the sentiment.

However, gains were limited as investors were cautious ahead of the policy decision later in the day for clues on future rate hikes.

Moreover, India's in May rose to a four-month high of 4.87 per cent, marginally higher than the RBI's revised inflation projection, raising prospects of more rate hikes in the year.

Overseas, most European stocks were trading higher while Asian stocks fell.

The 50 index rose 13.85 points, or 0.13 per cent, to end at 10,856.70, its highest closing level since February 1. The index moved between a high of 10,893.25 and a low of 10,842.65.

On the sectoral front, IT rose by 1.26 per cent followed by PSU banks 1.48 per cent, pharma 0.88 per cent, 0.34 per cent, 0.13 per cent and 0.09 per cent.

On other hand, infra fell by 0.70 per cent, FMCG 0.50 per cent, media 0.75 per cent, 0.44 per cent, 0.20 and realty 0.05 per cent.

Major index gainers were Dr Reddy, Cipla, TCS, Lupin, Hindalco, Titan, SBIN, and Powergrid.

Losers included, Tata Steel, Adani Ports, Zeel, Bajaj Finance, Bharti Airtel, Hindustan Unilever, Vedl, and ITC.

The market breadth, indicating the overall health of the market turned negative, a total of 856 scrips advanced and 940 declined while 81 remained unchanged. Total securities that have hit their price band were 208.

Turnover in the cash segment climbed to Rs 29,082.30 crore from Rs 27,770.94 crore as on Tuesday.

A total of 13,170.64 lakh shares changed hands in 1,05,61,263 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,47,92,661.96 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 20:15 IST
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