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Journalism of Courage
Amid extreme volatility and choppiness,the bourses managed to maintain the uptrend and ended in positive terrain for the third day as the benchmark S&P CNX Nifty gained by 25 points at the National Stock Exchange (NSE).
The 50-share index swung wildly between 5,506.50 and 5,408.35 before closing at 5,481.00,up 25.00 points,or 0.46 per cent,over its previous close.
The market commenced on a better note but the initial gains could not be sustained with traders resorting to profit-booking on the back of sharp overnight rally.
The market gradually started moving up during mid-afternoon trade with buying in heavy-weights,bank and auto counters taking the key-index to the day’s highest point before witnessing some-more profit-booking in IT,FMCG,capital goods,realty and metal counters reducing the gains.
Reliance Capital,Rcom,PNB,Kotak Bank,Reliance,Tata Motors,Tata Power,RPower,Bajaj Auto and ICICI Bank topped the 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 13,488.35 crore from Rs 12,898.44 crore yesterday. A total of 7,485.12 lakh shares changed hands in 67,21,332 trades. The market capitalisation stood at Rs 63,63,977 crore.
