Mumbai, Dec 7 (PTI) Benchmark Nifty staged a smart

recovery and climbed by 122.60 points today, driven by across-

the-board value buying despite bearish Asian cues.

Sharp fall in global oil prices yesterday also boosted

investor sentiment.

Overseas, European shares were trading higher as tech

stocks rebounded. Most Asian shares declined as US policy

uncertainty kept sentiment in check.

The NSE Nifty opened higher at 10,063.45 and moved in a

range of 10,182.65 and 10,061.90, before ending at 10,166.70,

up by 122.60 points, or 1.22 percent — its highest closing

since November 30, 2017.

It saw an intra-day movement of 120.75 points.

The Nifty mid-cap and small-cap indices climbed by 1.43

per cent and 1.44 per cent, respectively.

Sector-wise, Infra rose by 2.69 per cent, followed by

Auto 1.95 per cent, Metal 1.82 per cent, Media 1.39 per cent,

Energy 1.37 per cent, PSU Bank 1.25 per cent, FMCG 0.88 per

cent, Private Bank 0.85 per cent, Bank 0.83 per cent, IT 0.80

per cent, Finance Service 0.78 per cent and Pharma 0.25 per


Major index gainers were GAIL, Bharti Airtel, Tech

Mahindra, UPL, Asian Paints, Maruti, Bharti InfraTel, Tata

Steel and Bajaj Auto.

Losers included Coal India, TCS, Wipro, Cipla, Sun

Pharma, Dr Reddy’s and IndusInd Bank.

The market breadth, indicating its overall health, was

in favour of gainers. On the NSE, 1,273 shares advanced, 473

declined, while 60 remained unchanged.

Total securities that hit their price bands were 196.

Turnover in the cash segment rose to Rs 27,198.49 crore

from Rs 25,481.20 crore as on Wednesday.

A total of 12,805.11 lakh shares changed hands in

99,19,432 trades. The market capitalisation of listed firms

on the NSE stood at Rs 1,43,06,806.25 crore.

This is published unedited from the PTI feed.