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Nifty nears 10,100-mark as North Korea, Irma concerns ease

The 50-share NSE Nifty rallied 87 points or 0.87% to close at 10,093.05, which is 44 points away from its record high of 10,137 hit on August 2.

Reported by: PTI, Mumbai [Updated:12 Sep 2017, 10:05 PM IST]
NSE
NSE Nifty scaled a high of 10,097.55 before closing up by 87 points at 10,093.05Photo:NSE

Benchmark Nifty continued its uptrend to reach near record highs today, tracking positive leads from global peers as worries about Korean peninsula and hurricane Irma eased.

Overseas, most European markets were trading higher after stocks in Asia and the US hit record highs on positive global cues.

The 50-share NSE Nifty rallied 87 points or 0.87% to close at 10,093.05, which is 44 points away from its record high of 10,137 hit on August 2.

IT saw an intra-day movement of about 69.50 points. On the sectoral front, Nifty Pharma rose 2.18%, followed by Realty 2.04%, FMCG 1.42 %, PSU Bank 1.30%, Media 1.16% and Auto 1.16%.

Gainers included BPCL 4.22 %, Gail 3.75%, Tata Motors 3.45 %, Sun Pharma 3.41% and Tata Motors DVR 3.37%. However, IndusInd Bank fell 2.76%, Wipro 1.01%, Hero Motoco 0.65%, Indiabulls Housing Finance 0.50 % and ONGC 0.46 %.

The market breadth, indicating the overall health of the market, turned positive. A total of 1,010 scrips advanced, 688 declined, while 76 remained unchanged. As many as 146 securities hit their price bands.

Turnover in the cash segment rose to Rs 28,295.49 crore from Rs 25,803.57 crore yesterday.

A total of 14,358.60 lakh shares changed hands in 9,893,955 trades.

The market capitalisation of listed firms on the NSE stood at Rs 13,427,166 crore.