Mumbai: Overcoming the initial hiccups, the benchmark S&P CNX Nifty ended marginally higher by 13 points at the National Stock Exchange (NSE) Thursday on select buying in blue-chip counters.
Trading commenced on a weak note following lacklustre global cues as well as profit taking in frontline counters. The market remained direction-less and listless, trading in a tight range in early part of the session.
It witnessed a sudden spike in mid afternoon on the back of some value buying at low levels, mainly in technology, banking, pharma, auto and metals stocks, pushing the key-index to fresh intra-day highs.
However, the recovery was short-lived as the bourse encountered heavy profit-taking at higher levels and ended with limited gains.
The 50-share Nifty hovered between a high of 5,260.60 and a low of 5,217.65 before settling at 5,238.40, a marginal rise of 12.70 points, or 0.24 percent, over the last close.
Wipro, Ambuja Cement, Infosys, ACC, Jindal Steel, Tata Motors, Axis Bank, ICICI Bank, NTPC and JP Associates were the top percentage-wise Nifty gainers.
BHEL, ITC, Bharti Airtel, Ranbaxy, IDFC, Power Grid, Hero MotoCorp, HUL, HDFC Bank and L&T posted losses.
The turnover in cash segment declined to Rs 8,327.15 crore from Rs 8,813.42 crore on Wednesday. Overall, 4,942.08 lakh shares changed hands in 48,07,545 trades. Total market capitalisation stood at Rs 59,61,401 crore.
PTI
First Published: Thursday, September 06, 2012, 22:15