Mumbai: The NSE Nifty Wednesday closed at three-week high, gaining 54.1 points and reclaiming the 8,700-level on bouts of selective buying in key heavy weights.
The key indices witnessed range-bound momentum in positive terrain as the data of foreign capital inflows into Indian equities build up the investors confidence.
The news specific action also helped the market to gain with government lifting the cap on Coal India e-auction sales spurting the company shares, also the real-estate stocks were in limelite following government plan to table real estate bill paving the way for setting up regulator on this sector.
Buying was seen in Realty, Energy, FMCG, IT, Metal and Infra counters along with shares of mid-cap and small-cap nearly gained 1 to 2 percent.
While, stocks from banking and financials continued the selling.
The 50-share Nifty opened higher at 8,698.95 and traded between 8,730.50 and 8,679.80 before finishing at 8,714.40, showing a gain of 54.10 points, or 0.62 percent.
Stock-wise, Coal India rallied by 5.77 percent, Reliance 3.97 percent, BhartiAirtl 3.56 percent, BPCL 3.01 percent, TechM 2.98 percent, Infy 1.90 percent and ITC 1.66 percent.
Notable losers were IDEA 2.51 percent, YesBank 2.40 percent, HDFC 2.18 percent, SSLT 2.10 percent and ONGC 1.88 percent.
Turnover in the cash segment rose to Rs 20,167.53 crore against Rs 18,094.42 crore yesterday, A total of 10,763.86 lakh shares changed hands in 86,70,350 trades. The market capitalisation at NSE stood at Rs 10,255,583 crore.
Elsewhere, Asian markets ended mixed.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 143.98 crore yesterday as per provisional data.
