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Nifty settles above 10,850, up 80 points on global cues

Press Trust of India  |  Mumbai 

The 50 Index advanced by another 80 points to 10,852.90 on all-round buying mainly in energy, banking, metal, pharma and infra sectors as investors shifted focus to corporate earnings amid positive global cues.

The Indian rupee strengthened against the US dollar, tracking gains in other Asian currencies ahead of key consumer price inflation data this week.

were pushed higher as the US dollar eased, global risk appetite improved after favourable US jobs data.

Overseas, shares in and rose as investors set aside concerns about escalating trade tensions to prepare for the latest earnings season after signs of continued economic strength.

The broader NSE rose by 80.25 points or 0.74 per cent to close at Rs 10,852.90 its highest closing level since June 13, 2018. It saw an intra-day movement of about 53.20 points.

In the broader markets, NSE MidCap 100 and SmallCap 100 rose by 1.60 pct and 1.69 pct, respectively.

Among the sectoral indices, climbed by 1.62 per cent followed by PSU 1.55 per cent, 1.33 per cent, Pharma 1.28 per cent, Infra 1.25 per cent, 1.02 per cent, 0.98 per cent, FMCG 0.83 percent, Realty 0.77 per cent, IT 0.66 per cent, Auto 0.61 per cent and 0.60 per cent.

Major index gainers were Vedanta Ltd, Yes Bank, AsianPaint, Dr Reddy, Axis Bank, HCL Tech, and HindPetro.

Losers included TCS, Titan, HeroMotoCo, Zeel, Grasim, Lupin, and

The market breadth, indicating its overall health, remained positive, a total of 1,265 scrips advanced and 528 declined, while 98 remained unchanged.

As many as 242 total securities hit their price bands.

Turnover in the cash segment fell to Rs 24,397.40 crore from Rs 28,712.09 crore as on last Friday.

A total of 12,094.41 lakh shares changed hands in 91,72,836 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,45,41,744.70 crore.

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

First Published: Mon, July 09 2018. 22:11 IST
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