Nifty ends May F&O series above 8,000-mark, up 135 points
The benchmark Nifty reclaimed the 8,000-level Thursday by closing 135 points higher at 8,069.65 points, following across the board buying on the back of higher global cues.
Mumbai: The benchmark Nifty reclaimed the 8,000-level Thursday by closing 135 points higher at 8,069.65 points, following across the board buying on the back of higher global cues.
Nifty crossed the resistance of 7,974 mark and continued to inch up higher on positive momentum, touching an intra-day high of 8,083.
Asian stocks ruled higher as gains in crude oil prices boosted investors' risk appetite, while European stocks witnessed a mixed trend.
Energy and materials sector stocks led gains in US markets in overnight trade, following a jump in crude oil prices triggered by a weekly report showing a decline in US crude inventories.
The 50-share Nifty resumed higher at 7,974.45 and moved in a range of 8,083.00 and 7,948.50 before ending at 8,069.65, showing a gain of 134.75 points or 1.70 percent.
On the sectoral front, Infra rose by 4.57 percent, followed by PSU Bank (3.66 percent), Realty (2.18 percent), Bank (2.13 percent), Private Bank (2.05 percent), FMCG (1.36 percent), Auto (1.23 percent), IT (1.08 percent) and Metal (0.98 percent).
However, Pharma eased by 0.24 percent.
Index gainers included L&T (14.13 percent), SBI (5.17 percent), BHEL (4.94 percent), Idea (3.88 percent), Axis Bank (3.36 percent), Kotak Bank (2.98 percent), Yes Bank (2.63 percent), Infosys (2.42 percent) and Hindalco (2.20 percent).
Bharti Infratel fell 1.79 percent while HCL Tech declined 1.13 percent.
A total of 845 shares advanced, 577 fell, while 74 ruled steady.
Turnover in cash segment rose to Rs 23,317.57 crore from Rs 16,673.79 crore previously. A total of 11,545.56 lakh shares changed hands in 87,09,285 trades.
The market capitalisation of NSE stood at Rs 96,18,226 crore.