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Nifty manages fresh highs in volatile trade, up 14 pts

Mumbai: Fag-end buying led the Nifty benchmark to notch 14.40 points to mark a new high of 7,123.15 in an otherwise volatile trade ahead of tomorrow's election results.The market opened positive on data of good

PTI [ Updated: May 15, 2014 21:56 IST ]
nifty manages fresh highs in volatile trade up 14 pts
nifty manages fresh highs in volatile trade up 14 pts

Mumbai: Fag-end buying led the Nifty benchmark to notch 14.40 points to mark a new high of 7,123.15 in an otherwise volatile trade ahead of tomorrow's election results.


The market opened positive on data of good FII inflows, marking 7,152 during the initial trade, later contained by choppiness as players preferred profit-booking.

April WPI inflation number which eased to 5.2 per cent helped lift up the sentiment during final half-hour trade.

Energy, FMCG and Banking counters were the key gainers, while shares of mid-cap and small-cap companies suffered heavy profit-booking, followed by key IT, Auto, PSU Banks, Metal, Realty and Pharma counters.

Tata Power shares were in limelight, gaining 3.36 per cent, NTPC 3.03 per cent and ONGC 2.84 per cent.

Big losers were Asian Paints 5 per cent, Bajaj-Auto 4.47 per cent, Bank of Baroda 3.83 per cent and NMDC 2.70 per cent.

Foreign Institutional Investors (FIIs) bought shares worth a net Rs 1,520.08 crore yesterday as per the provisional data from the stock exchanges.

The 50-share index traded between high of 7,152.55 and a low of 7,082.55 before closing at 7,123.15, up 14.40 points, or 0.2 per cent over its last close.

Other gainers were PNB, GAIL, PowerGrid, Maruti, Tata Steel, HDFC Bank and SunPharma while, McdowellN, Hindalco, Ambuja Cem, Lupin, SSLT and Jindal Steel incurred losses.

Turnover in the cash segment dropped to Rs 18,285.27 crore from Rs 19,842.99 crore yesterday. A total of 10,388.89 lakh shares changed hands in 76,85,660 trades, while market capitalisation stood at Rs 78,05,442 crore.


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