Market over-runs initial hiccups, Nifty up by 25 points

Posted By: Pti
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Mumbai, Feb 15 (PTI) Amid extreme volatility andchoppiness, the bourses managed to maintain the uptrend andended in positive terrain for the third day as the benchmarkS&P CNX Nifty gained by 25 points at the National StockExchange (NSE) here today.

The 50-share index swung wildly between 5,506.50 and5,408.35 before closing at 5,481.00, up 25.00 points, or 0.46per cent, over its previous close.

The market commenced on a better note but the initialgains could not be sustained with traders resorting to profit-booking on the back of sharp overnight rally.

The market gradually started moving up duringmid-afternoon trade with buying in heavy-weights, bank andauto counters taking the key-index to the day''s highest pointbefore witnessing some-more profit-booking in IT, FMCG,capital goods, realty and metal counters reducing the gains.

Reliance Capital, Rcom, PNB, Kotak Bank, Reliance, TataMotors, Tata Power, RPower, Bajaj Auto and ICICI Bank toppedthe gainers list from Nifty.

However, JP Associates, DLF, Hindalco, BHEL, L&T, M&M,Cairn, Suzlon, TCS and Cipla were registered losses.

Total turnover in the cash segment rose to Rs 13,488.35crore from Rs 12,898.44 crore yesterday. A total of 7,485.12lakh shares changed hands in 67,21,332 trades. The marketcapitalisation stood at Rs 63,63,977 crore.

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