Nifty marks new closing high of 8,324.15 points

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Mumbai | Published: November 3, 2014 7:59:15 PM

The market managed to consolidate the positive momentum with buying interest in metals...

The market managed to consolidate the positive momentum with buying interest in metals, realty and banking counters along with second line shares helping the benchmark Nifty to mark record closing high of 8,324.15 points on the National Stock Exchange (NSE).

Opening on buoyant note and rallying to all-time intra day high of 8,350.50 amid riding previous weeks remarkable gains and good FII inflows, the trading momentum later turned volatile but remained mostly in range due to lack of any major trigger amid oncoming market holidays, as investors opted for wait and watch policy.

Key auto and energy counters incurred profit-booking.

Asian stocks witnessed mixed trading today, while European market traded lower.

Meanwhile, the Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 1,754.73 crore last Friday, according provisional figure of stock exchanges.

The benchmark Nifty traded between a high of 8,350.60 and low of 8,297.65 before closing at 8,324.15, showing a marginal gain of 1.95 points or 0.02 per cent over its previous close.

The top five Nifty gainers were Jindal Steel 5.16 per cent, DLF 3.05 per cent, TechM 2.49 per cent, SSLT 2.46 per cent and Bank of Baroda 2.21 per cent.

While, top five losers include GAIL 5.57 per cent, Coal India 3.06 per cent, M&M 2.96 per cent, NMDC 2.93 per cent and HCL Tech 2.34 per cent.

Turnover in the cash segment dropped to Rs 17,332.80 crore against Rs 20,338.74 crore last Friday. A total of 10,668.14 lakh shares changed hands in 74,81,116 trades, while market capitalisation stood at Rs 95,14,816 crore.

The market will remain closed tomorrow on account of ‘Muharram’ and also on Thursday (November 6) for ‘Guru Nanak Jayanti’.

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