Business Market 01 Nov 2016 Nifty fails to hold ...

Nifty fails to hold 8,650 level, ends flat

PTI
Published Nov 1, 2016, 6:24 pm IST
Updated Nov 1, 2016, 6:25 pm IST
The 50-share Nifty opened higher at 8,653.15 and moved in a range of 8,669.60 and 8,614.50 before ending at 8,626.25.
The 50-share Nifty witnessed an intra-day movement of 55.10 points.
 The 50-share Nifty witnessed an intra-day movement of 55.10 points.

Mumbai: The S&P CNX Nifty ended flat today after trading positive for major part of the session on firm PMI data, Asian cues and better auto sales figures, but lost ground in fag end profit booking in media, IT, pharma, realty, private bank, FMCG and banks counters.

In overseas markets, European stocks were trading mixed as upbeat Chinese data lifted market sentiment and investors focused on a fresh batch of earnings reports. Chinese stocks closed higher after the release of encouraging purchasing managers index data. Other Asian stocks ended mixed.

 

The 50-share Nifty opened higher at 8,653.15 and moved in a range of 8,669.60 and 8,614.50 before ending at 8,626.25, showing a marginal rise of 0.55 points or 0.01 per cent from its last close.

It witnessed an intra-day movement of 55.10 points.

On the sectoral front, metal rose by 3.73 per cent, followed by energy (0.61 per cent), auto (0.57 per cent), financial service (0.20 per cent), infra (0.16 per cent) and PSU Bank (0.12 per cent).

Media fell by 1.46 per cent, followed by IT (0.91 per cent), pharma (0.91 per cent), realty (0.97 per cent), private bank (0.58 per cent), FMCG (0.52 per cent) and banks (0.33 per cent).

 

Index gainers were Eicher Motors (5.43 per cent), Hindalco (4.81 per cent), Tata Steel (3.21 per cent), NTPC (2.88 per cent) and NTPC (2.62 per cent).

Index laggards included Axis Bank (2.44 per cent), Sun Pharma (1.92 per cent), Kotak Bank (1.72 per cent), Zee (1.76 per cent) and TCS (1.72 per cent).

A total of 932 scrips declined, 671 advanced while 61 remained unchanged. Total securities that hit their price bands were 113.

Turnover in cash segment fell to Rs 20,891.56 crore from Rs 21,552.13 crore last Friday. A total of 10,102.74 lakh shares changed hands in 86,73,200 trades. The market capitalisation of NSE stood at Rs 11,166,375.09 crore.

 

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