Nifty gains 35 points on select buying

Written by PTI | Mumbai | Updated: Nov 29 2013, 01:41am hrs
Shares rose on sustained buying in select counters today in the midst of expiry of monthly derivatives contracts and also positive global cues as the NSE benchmark gained 35 points to close near the 6,100 mark.

Trading was volatile as traders rolled over positions in F&O series section with investors a bit cautious over the release of quarterly GDP and fiscal data tomorrow.

Buying was seen in shares of IT, energy, infra, FMCG, metal, auto and pharma sectors.

The 50-scrip benchmark Nifty traded between a high of 6,112.95 points and a low of 6,068.30 points before closing at 6,091.85 points, showing a gain of 34.75 points, or 0.57 per cent, over the last close.

Market resumed higher amid firm Asian stocks and rallied to hit intra-day high in morning trade. It moved in a narrow range during afternoon, but soon witnessed selling due to expiry of futures & options contracts, only to regain strength in the late session and end in the green.

Key gainers were JP Associates, BHEL, Grasim, M&M, PowerGrid, IndusInd Bank, Hindalco, Tata Steel, Ambuja Cement and Coal India.

The turnover in cash segment climbed to Rs 12,724.19 crore from Rs 9,870.98 crore yesterday. A total of 7,898.80 lakh shares changed hands in 55,43,730 trades, while market capitalisation stood at Rs 65,62,925 crore.