Business Market 24 Oct 2017 Nifty logs modest 23 ...

Nifty logs modest 23 points gains

PTI
Published Oct 24, 2017, 7:01 pm IST
Updated Oct 24, 2017, 7:01 pm IST
Nifty opened higher at 10,218.55 and moved in a range of 10,237.75 and 10,182.40 before ending at 10,207.70.
The market capitalisation of listed firms on NSE stood at Rs 1,38,32,234 crore.
 The market capitalisation of listed firms on NSE stood at Rs 1,38,32,234 crore.

Mumbai: The NSE benchmark Nifty gained by another 23 points to close at 10,208 on buyers' interest in media, PSU banks, infra, bank and financial services sectors and higher global cues.

While IT, pharma and auto stocks showed weakness.

 

Overseas, European stocks rose as investors continued to monitor the latest corporate earnings reports and kept a close eye on Spain's constitutional crisis.

Most Asian stocks shrugged off overnight declines in the US stocks, where a gauge of equity volatility climbed as market participants assessed the recent rally in global stocks before a slew of earnings reports.

The Nifty opened higher at 10,218.55 and moved in a range of 10,237.75 and 10,182.40 before ending at 10,207.70, showing a rise of 22.85 points, or 0.22 per cent, from its last close.

 

It saw an intra-day movement of about 55.35 points.

On the sectoral front, PSU banks rose by 3.79 per cent, media 3.61 per cent, infra 0.89 per cent, realty 0.57 per cent, finance service 0.49 per cent, energy 0.42 per cent, metal 0.39 per cent and FMCG 0.33 per cent.

However, IT, pharma and auto fell by 1.03 per cent, 0.55 per cent and 0.27 per cent, respectively.

The Nifty Midcap and the Small Cap index outperformed the broader indices on Tuesday with gains of 0.34 per cent and 1.18 per cent, respectively.

Major index gainers were Zeel, AsianPaint, SBIN, UPL, and NTPC.

 

Lossers were HCL Tech, IndusInd Bank, TechM, Yes Bank and Tata Motors.

The market breadth, indicating the overall health of the market, was in favour of gainers. On the NSE, 969 stocks advanced 762 declined and 71 stocks remained unchanged.

Total securities that hit their price bands were 153.

Turnover in the cash segment rose to Rs 29,463.64 crore from Rs 29,180.67 crore on Monday.

A total of 14,609.28 lakh shares changed hands in 10,757,815 trades. The market capitalisation of listed firms on NSE stood at Rs 1,38,32,234 crore.

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