Nifty continues to rule firm for 3rd day, up 7 pts

The NSE 50-share Nifty continued to

rule firm for the third trading day by moving up by another 7

points to close at 9,904.15 on fresh buying mainly in IT and

media counters.

Sustained buying by domestic funds also boosted the

market sentiment.

India's second-biggest software services exporter Infosys

received approval from SEBI on share buyback proposal to be

considered in meeting to be held on August 19.

The share of Infosys Ltd rose by 4.68 per cent to end Rs

1,020.85. Other gainers were NTPC 3.94 pct, Coal India 3.78

pct, VEDL 2.56 pct and Bharti Airtel 2.11 pct.

However, Cipla fell by 2.92 pct, Adani Ports 2.08 pct,

ACC 1.72 pct, Maruti 1.54 pct and Auropharma 1.46 pct.

The Nifty resumed higher at 9,945.55 and hovered in a

range of 9,947.80 and 9,883.75 before ending at 9,904.15,

showing a gain of 6.85 points or 0.07 per cent.

The Nifty has gained by 193.35 points or 1.99 per cent

in three trading days.

The Nifty IT also gained by 1.30 per cent and Nifty

Media by 1.00 per cent.

A total of 923 scrips advanced and 726 declined while

87 remained unchanged. Total securities that hit their price

bands were 115.

Turnover in the cash segment fell to Rs 24,336.40 from

Rs 26,122.12 crs yesterday.

A total of 12,743.77 lakh shares changed hands in

88,70,208 trades. The market capitalisation of listed firms

on the NSE stood at Rs 1,29,25,666 crores.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)