Nifty up marginally; pharma, banking stocks shine 

The NSE benchmark Nifty recovered from overnight loss to end marginally higher by over 7 points to end at 10,086 amid buying in pharma, banks, financials and auto counters.
Reuters File Photo
Reuters File Photo

MUMBAI: The NSE benchmark Nifty recovered from overnight loss to end marginally higher by over 7 points to end at 10,086 amid buying in pharma, banks, financials and auto counters.

The key NSE index pared its early gains to end flat after the release of data on wholesale inflation which surged to a four-month high of 3.24 per cent from a year ago due to higher prices of food and fuel products.

Metal, realty, CPSE and energy witnessed selling.

Overseas, Asian stocks ended mixed, consolidating after touching their highest in a decade, while European markets inched lower.

The Nifty opened higher at 10,107.40 and moved in a range of 10,126.50 and 10,070.35 before ending at 10,086.60, a marginal gain of 7.30 points, or 0.07 per cent.

It saw an intra-day movement of about 56.15 points.

Sector-wise, pharma gained 2.63 per cent, followed by PSU banks 0.69 per cent, private banks 0.37 per cent, banks 0.32 per cent and auto 0.30 per cent.

Losers included CPSE 0.60 per cent, metal 0.57 per cent and Energy 0.37 per cent.

Major index gainers were Tata Motors DVR, Sun Pharma, Axis Bank, Tata Motor and Adani Ports.

Index losers included Wipro, Vedanta, GAIL, M&M and Kotak Bank.

A total of 861 scrips advanced, 817 declined while 71 remained unchanged.

Total securities that hit their price bands were 143.

Turnover in the cash segment fell to Rs 27,692.34 crore from Rs 29,181.64 crore yesterday.

A total of 13,433.78 lakh shares changed hands in 9,399,225 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,34,01,702 crore.

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