Nifty ends above 11,100 post Eco Survey

Mumbai, Jan 29 (PTI) The NSE benchmark Nifty jumped 60.75points to end at record 11,130.40 after the Economic Surveytabled in Parliament today said real GDP growth will rise to7-7.5 per cent in 2018-1

Published: January 29, 2018 8:02 PM IST

By PTI Feeds

Nifty ends above 11,100 post Eco Survey

Mumbai, Jan 29 (PTI) The NSE benchmark Nifty jumped 60.75

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points to end at record 11,130.40 after the Economic Survey

tabled in Parliament today said real GDP growth will rise to

7-7.5 per cent in 2018-19.

Buying momentum was seen mainly in auto, IT, finance

service and media sectors.

However, fall in PSU bank, pharma, energy and FMCG stocks

capped the market’s rise.

Overseas, most European shares were trading lower as

investors monitored fresh economic data and corporate

earnings. Asian shares were mixed after several stocks gave up

gains from upbeat openings that tracked Friday’s rally on Wall

Street.

Broader market witnessed selling pressure, with the Nifty

Midcap and Smallcap index down by 0.85 per cent and 1.68 per

cent, respectively.

The Nifty 50 index rose 60.75 points or 0.55 percent to

close at 11,130.40, a record closing high.

It saw an intra-day movement of about 95.60 points.

On the sectoral front, Auto rose 1.48 per cent, IT 0.95

per cent, Finance Service 0.88 per cent, Media 0.67 per cent,

Bank 0.19 per cent and Private Bank 0.18 per cent.

However, PSU Bank dropped by 1.41 per cent, Pharma 1.10

per cent, Energy 0.58 per cent, FMCG 0.57 per cent and Realty

0.34 per cent.

Major index gainers were Maruti, Eicher Motors, HDFC,

Bharti InfraTel, UPL, Hero MotoCorp, IOC and Indiabulls

Housing Finance.

Losers were Dr Reddy’s, Lupin, GAIL, Bharti Airtel, HPCL,

BPCL, ITC, Axis Bank, Cipla and ONGC.

The market breadth, indicating its overall health, was in

favour of losers. On the NSE, 548 stocks advanced, 1,267

declined and 49 remained unchanged.

Total securities that hit their price bands were 201.

Turnover in the cash segment fell to Rs 35,515.69 crore

from Rs 45,562.13 crore as on last Thursday.

A total of 14,592.44 lakh shares changed hands in

12,173,442 trades. The market capitalisation of listed firms

on NSE stood at Rs 1,53,25,798.17 crore.

This is published unedited from the PTI feed.

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Published Date: January 29, 2018 8:02 PM IST