1. Nifty ends flat on fag-end buying

Nifty ends flat on fag-end buying

Shares of energy, realty, pharma, metal, media and IT sectors firmed up on good buying while banking and financial declined on selling pressure.

By: | Mumbai | Updated: March 3, 2017 6:13 PM
ICRA, Industrial Finance Corporation of India, Indian mutual fund industry, Birla Sun Life Enhanced Arbitrage Funds, ICICI Prudential Equity Arbitrage Fund, Value Research, equity schemes, fund managers The NSE 50-share Nifty ended flat at 8,897.55 on fag-end buying from operators on the back of foreign capital inflows. (Image: Reuters)

The NSE 50-share Nifty ended flat at 8,897.55 on fag-end buying from operators on the back of foreign capital inflows. The NSE 50-share Nifty resumed lower at 8,883.50 and moved in a range of 8,907.10 and 8,860.10 before ending at 8,897.55, a marginal loss of 2.20 points, of 0.02 per cent. Shares of energy, realty, pharma, metal, media and IT sectors firmed up on good buying while banking and financial declined on selling pressure.

Anupam Singhi, COO of William O’Neil India, said all eyes will be on assembly election results due March 11. Trading volumes may also be slim as investors await poll results before acting on investments. Market direction for the next couple of weeks will sway in relation to political trends of the country.
Major gainers were Infratel (6.25 per cent), Hindalco (4.80 per cent), Gail India (3.72 per cent), Grasim (2.60 per cent) and Reliance (1.76 per cent).

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However, Bosch Ltd fell by 2.08 per cent, HDFC 1.99 per cent, Eicher Motors 1.53 per cent, Asian Paints 1.46 per cent and Ambuja Cements 1.40 per cent. A total of 914 declined, 739 advanced while 75 remained unchanged. Total securities that hit their price bands were 98. Turnover in cash segment fell to Rs 21,997.25 crore, from Rs 24,761.20 crore yesterday. A total of 9,942.63 lakh shares changed hands in 77,76,604 trades. The market capitalisation of NSE stood at Rs 1,15,33,964.50 crore.

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