NSE Nifty ends with new highs in volatile session, gains 6 points

Written by PTI | Mumbai | Updated: Mar 26 2014, 01:02am hrs
NSE NiftyWipro lost 2.54 per cent on profit-booking and SSLT was down by 1.85 per cent. Reuters
The market ended with all-time new highs in a volatile session as key FMCG, Banking, infra, auto and realty counters led the benchmark to gain a modest 6.25 points at the National Stock Exchange (NSE) today.

Volatility was the order of the day amid hectic profit- booking in key energy and infotech heavyweights, even as indices marked a record high of 6,595.55 during intra-day trades.

Sentiment was cautious despite good FII inflows after the Election Commission asked the Union Petroleum Ministry to defer a planned hike in gas prices, leading a sell-off in index heavyweight Reliance Industries, which fell to 2.88 per cent.

Wipro lost 2.54 per cent on profit-booking and Sistema Shyam Teleservices was down by 1.85 per cent.

The star performer in today's trades were state-owned power equipment maker BHEL, which surged by 4.52 per cent and realty major DLF, which surged by 3.50 per cent.

Meanwhile, FIIs bought shares worth net Rs 1465.62 crore yesterday, as per the stock exchange's provisional data.

The market opened lower on bearish Asian cues and recovered on firm buying, but a higher European opening somewhat helped indices end with a new record high, though with small gains.

The 50-share Nifty traded between a high of 6,595.55 points and a low of 6,544.85 points, before ending at 6,589.75 points, up by 6.25 points over its last close.

Other major gainers were Hero Motors, Jindal Steel, Ranbaxy, BPCL, PowerGrid, Hindunilvr, Coal India and L&T, while Ambuja Cem, SSLT, M&M, Dr Reddy's, Hindalco and ACC encountered profit booking.

Turnover in the cash segment jumped to Rs 13,394.44 crore from Rs 11,589.08 crore yesterday. A total of 7,029.73 lakh shares changed hands in 60,58,441 trades, while market capitalisation stood at Rs 70,70,100 crore.