Nifty climbs 82 points, ends above 8,200-level

Nifty climbs 82 points, ends above 8,200-level

Mumbai, Nov 30 (PTI) The NSE Nifty gained for fourth
consecutive session by 82.35 points to close at 8,224.50 on
across the spectrum buying led by banking segments amid firm
global cues.
Domestic funds extended the buying spree on continuous
offloading of Indian shares by foreign funds, while building
long positions. The market also got support from rising crude
ahead of crucial OPEC meeting later in the day.
Banking segments led the rally after two session losing
streak, while Auto counters extended their gains.
The key indices opened positive amid higher Asian cues
witnessed brief volatility, later rose continuously to finish
The 50-share Nifty resumed higher at 8,172.15 and traded
between 8,234.25 and 8,139.25 before ending at 8,224.50, a
rally of 82.35 points, or 1.01 per cent, from its last close.
Overseas, Asian and European stocks rose as investors
awaited the conclusion of a highly-anticipated Organisation of
the Petroleum Exporting Countries (OPEC) meeting later in the
Counter-wise Banks gained (2.22 per cent) followed by Pvt
Bank (2.16 per cent), PSU Bank (2.10 per cent), Financials
(1.79 per cent), Service Sector (1.30 per cent), Infra (1.19
per cent), Consumption (1.03 per cent), Auto (1.06 per cent),
Commodities (0.98 per cent), FMCG (0.89 per cent) and Metal
(0.79 per cent).
The secondline shares also rallied Midcap (1.38 per cent)
and Smallcap (1.37 per cent), respectively.
Stockwise, major gainers were ICICI Bank (3.95 per cent),
Maruti (3.50 per cent), Ambuja Cem (2.80 per cent), Yes Bank
(2.56 per cent), IndsndBk (2.52 per cent), SBIN (2.24 per
cent) and L&T 2.24 (per cent).
Notable losers were Idea (2.27 per cent), Lupin (0.88
per cent), Reliance (0.77 per cent), GAIL (0.76 per cent) and
Cipla (0.45 per cent).
A total of 1,134 scrips advanced, 446 declined while
79 remained unchanged. Total securities that hit their price
bands were 124.
Turnover in the cash segment spurted to Rs 31,536.06
crore, from Rs 18,689.50 crore as on yesterday.
A total of 13,040.83 lakh shares changed hands in
10,424,440 trades. The market capitalisation of NSE stood at
Rs 10,618,012 crore. PTI PAK