Nifty soars 39 points on good buying; GAIL gains, NMDC down

Foreign institutional investors (FIIs) bought shares worth a net Rs 423.41 crore yesterday, as per provisional data from stock exchanges.

The market opened higher amid volatility and pared gains during morning trade. The key index traded in positive zone during afternoon before ending with healthy gains.

The 50-share Nifty hovered between a high of 6,245.95 and a low of 6,202.10, before concluding at 6,238.80, showing a gain of 38.75 points, or 0.62 per cent.

Major gainers were Grasim, Sun Pharma, BPCL, HCL Tech, BHEL and Kotak Bank. Key losers included Sesa Sterlite, Tata Power, IndusInd Bank, UltraTech and Jindal Steel.

Turnover in the cash segment jumped to Rs 12,219.74 crore from Rs 9,329.18 crore yesterday. A total of 6,326.30 lakh shares changed hands in 53,75,191 trades. Market capitalisation stood at Rs 66,86,555 crore.