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  4. Nifty extends gain ahead of poll results, up by 19 points

Nifty extends gain ahead of poll results, up by 19 points

Mumbai: Domestic bourses extended their gains ahead of assembly poll results and led the CNX Nifty to garner 19 points.Though, market momentum was volatile throughout the session, it was rekindled by an overnight trigger of

India TV News Desk Updated on: December 06, 2013 20:06 IST
nifty extends gain ahead of poll results up by 19 points
nifty extends gain ahead of poll results up by 19 points

Mumbai: Domestic bourses extended their gains ahead of assembly poll results and led the CNX Nifty to garner 19 points.


Though, market momentum was volatile throughout the session, it was rekindled by an overnight trigger of exit polls which predicted victory for the Opposition BJP along with good Foreign Institutional Investor (FII) capital inflows.  

Higher European cues also supported sentiment.  FIIs bought shares worth a net Rs 1,151.51 crore yesterday, as per provisional data from the stock exchanges.  Buying was mainly seen in energy, FMCG, infrastructure, pharma and PSU counters, while selling was witnessed in finance and infotech sectors.

The 50-scrip benchmark traded between a high of 6,275.35 points and a low of 6,230.75 points before ending at 6,259.90 points, showing a gain of 18.80 points, or 0.3 per cent, over the last close.

The market opened lower, but soon hovered on positive terrain amid wide swings in morning trades. However, bouts of volatility led the index to drop a couple of times for a brief period during the afternoon session. Later, the key index trimmed gains to end in green at the end of the session.  

The gainers were Tata Power, Coal India, NTPC, Axis Bank, PNB, PowerGrid, Bank of Baroda, Hero MotoCorp, Cairn and BPCL.  However, losers were HDFC, Ranbaxy, Hindalco, Infy, Hind Unilever, Bharati Airtel, Kotak Bank, Reliance, Tata Motors and HDFC Bank.

Turnover in the cash segment fell to Rs 10,480.79 crore from Rs 12,948.07 crore previously. A total of 6,094.75 lakh shares changed hands in 54,46,745 trades, while market capitalisation stood at Rs 67,29,311 crore.
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