Nifty snaps 4-day rise on profit booking; mid-caps shine

The benchmark Nifty snapped its

four-day winning streak to end 3 points lower at 9,621.25

today owing to profit booking mainly in metal, IT, media and

energy counters.

Lacklustre trading was witnessed almost for the entire

session, except for a brief spell in mid-afternoon trade

during which it a hit fresh intra-day high of 9,649.60 amid

consolidation.

In overseas markets, European stocks were trading

slightly higher. Asian stocks ended on a mixed note. China

stocks, which re-opened after a long holiday, settled in the

green.

US equities closed lower yesterday as investors digested

key economic data, but a rise in tech stocks helped cap

losses.

The NSE 50-share Nifty index opened higher at 9,636.55

and hovered between 9,649.60 and 9,609.25 before finishing at

9,621.25, a marginal loss of 3.30 points, or 0.03 per cent.

It saw an intra-day movement of about 40.35 points.

Sector-wise, metal fell 1.53 per cent, IT 0.56 per cent,

media 0.52 per cent, energy 0.24 per cent and PSU bank 0.18

per cent.

Gainers included realty (1.13 per cent), auto (0.64 per

cent), private bank (0.62 per cent), bank (0.50 per cent),

pharma (0.39 per cent) and finance service (0.35 per cent).

In the broader market, mid-cap and small-cap indices

gained 0.57 per cent and 1.07 per cent, respectively.

Major index losers were Vedanta (2.55 per cent), Infosys

(1.92 per cent), Coal India (1.92 percent), Tata Power (1.70

per cent), Bharti Infratel (1.52 per cent) and Hindalco (1.35

per cent).

M&M climbed 4.10 per cent, followed by Indiabulls Housing

Finance (4.22 per cent), Ultratech Cement (2.77 per cent),

Lupin (2.75 per cent), IOC (2.36 per cent), PowerGrid (2.13

per cent) and GAIL (1.86 per cent).

A total of 953 scrips advanced, 718 declined, while 70

remained unchanged.

Total securities that hit their price bands were 152.

Turnover in the cash segment rose to Rs 39,298.24 crore

from Rs 24,189.46 crore yesterday.

A total of 18,098.85 lakh shares changed hands in

1,31,20,797 trades.

The market capitalisation of listed firms on the NSE

stood at Rs 1,24,16,788.86 crore.

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