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Nifty rises 55.90 pts to 4-month high post Trump-Kim meeting

Press Trust of India  |  Mumbai 

NSE Nifty rose by 55.90 points to close at four-month high of 10,842.85 on sustained buying mainly in pharma, FMCG, banks, and IT sectors amid positive sentiment from global equity markets.

Sentiment on domestic bourses was boosted by upbeat Asian stocks after the US signed a deal with North Korean leader in

Overseas, most European stocks fell as investors awaited the Brexit vote in the for further direction.

The index rose 55.90 points, or 0.52 percent, to close at 10,842.85, its highest closing level since February 1. It moved in a range of 10,856.55 to 10,789.40 in day trade.

On the sectoral front, pharma climbed by 2.58 per cent followed by banks 2.33 per cent, fast moving consumer goods 0.88 per cent, 0.73 per cent, IT 0.62 per cent, infra 0.61 per cent, 0.58 per cent, 0.55 per cent, 0.40 per cent and realty 0.41 per cent.

On other hand, fell by 0.43 per cent.

Major index gainers were Lupin, Dr Reddy, SBIN, IndusInd Bank, Hindustan Unilever, and Adani ports and Special Economic Zone

Losers included, Bharti Airtel, Hindalco, Eicher Motors, Coal India, UPL, Grasim and

The market breadth, indicating the overall health of the market was positive, a total of 1,038 scrips advanced and 752 declined while 89 remained unchanged. Total securities that have hit their price band were 209.

Turnover in the cash segment rose to Rs 27,770.94 crore from Rs 26,706.03 crore as on Monday.

A total of 13,014.71 lakh shares changed hands in 1,08,11,731 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,47,90,850.69 crore.

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

First Published: Tue, June 12 2018. 20:05 IST